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7-Eleven: Lake Mary, FL 1818 Longwood Lake Mary Rd 2,965 SF Retail Building Longwood, FL 32750 $4,972,381 CAD ($1,677.03 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease | 10% Increase in 2031
- Long-Term Operating History of 24 Years
- 1 Mile West of 17-92 Highway (39,000 VPD)
- Five, 5-Year Renewal Options | 7.5% Increase in Options 1-4 | FMRV Increase in Option 5
- Located at the Intersection of Longwood Lake Mary Rd (15,600 VPD) and N. Ronald Reagan Blvd (10,900 VPD)
- Orlando-Kissimmee-Sanford, FL MSA (MSA Population: 3.92M+)
EXECUTIVE SUMMARY
The CBRE Net Lease Property Group is pleased to offer for sale the 2,965-square-foot 7-Eleven Gas Station & Convenience Store situated on 1.61 acres in Longwood, Florida — part of the Orlando-Kissimmee-Sanford, FL MSA (MSA Population: 2.93M+). 7-Eleven’s absolute NNN lease features ±10.4 years of primary term remaining with a 10% rent increase in 2031 and five, 5-year renewal options. Rent increases by 7.5% in the first four options and is set to FMRV in the fifth option.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,965 SF
Building Class
C
Year Built
2001
Price
$4,972,381 CAD
Price Per SF
$1,677.03 CAD
Cap Rate
5%
NOI
$248,619 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.32 AC
Zoning
PCD
Parking
43 Spaces (14.5 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 29-20-30-300-007H-0000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,468,014 CAD |
PROPERTY TAXES
Parcel Number
29-20-30-300-007H-0000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,468,014 CAD
CONTACTS
-
Thomas Carr -
Brian Pfohl -
Christopher Bosworth -
Mark Drazek -
Kaitlyn Wolf -
Leah Lindell -
Abby Kelly -
CBRE
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7-Eleven: Lake Mary, FL | 1818 Longwood Lake Mary Rd
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