7-Eleven 2395 County Road 470 4,853 SF Retail Building Sumterville, FL 33585 $18,211,780 CAD ($3,752.68 CAD/SF) 5.20% Cap Rate

Marcus & Millichap is pleased to present for sale this brand new 7-Eleven located at US N. 301 & E. County Road 462 in Sumterville, Florida. Sumterville is a community in Sumter County, Florida and adjacent to The Villages, the fastest growing MSA in the nation. The Villages in conjunction with development partners continues to expand south, purchasing land to build additional communities with residential and commercial components.
7-Eleven is located on 3.95 acres and has signed an absolute triple-net 15- year lease with 10 percent increases every 5 years including their four, 5-year option periods.
A few lots north of the subject property is a $750,000,000 mixed use development expected to break ground in the second half of 2025. The project scope includes the new construction of an 816-unit multi-residential development, 600,000 square feet of retail and office space, 100,000 square feet of self-storage space and 600,000 square feet of industrial space on 276 acres on the west side of the highway. On the parcel to the south from this development, SECO Energy is expanding their Sumterville headquarter campus as part of a $256,000,000 project in the local region.
In addition to the above, The Villages continues to expand in the immediate area surrounding the 7-Eleven buying 80 acres to the east for $20 million, purchasing 3,400 acres with Benderson Development for $40 million and annexing 125 acres from Wildwood, FL.
The property is situated at the southwest corner of Highway 301 and County Road 470 with direct access to Interstate 75. 7-Eleven has included diesel lanes on the property to capture the expected increase in truck traffic expected along Highway 301. The state has also recognized the increase in traffic flow from both truck and vehicle traffic and will reconstruct Highway 301 to respond to future travel demand. The Florida Department of Transportation plans to widen this portion of U.S. 301 to provide two travel lanes in each direction, separated by a raised median.
7-Eleven was founded in 1927 and today 7-Eleven is a global brand with more than 85,000 locations across 20 countries. 7-Eleven, Inc. now operates a family of banners and brands including Speedway, Stripes, Laredo Taco Company and Raise the Roost Chicken and Biscuits. 7-Eleven is the world’s largest convenience retailer and helped pioneer the franchise model and is now consistently ranked as a Top-10 Franchisor.