7-Eleven 4670 Seminole Pratt Whitney Rd 4 500 pi² Commerce de détail Immeuble City Of Westlake, FL 33470 19 739 376 $ CAD (4 386,53 $ CAD/pi²) 5% Taux de capitalisation

This single-tenant 7-Eleven property in Westlake, Florida, offers a rare opportunity to acquire a long-term, net-leased asset in a rapidly growing Palm Beach County market. Built in 2021, the 4,500-square-foot building sits on 1.89 acres and features 16 fueling positions, ensuring strong customer traffic and operational efficiency. The property is 100% occupied under a triple-net (NNN) lease structure, providing investors with stable, predictable income and minimal landlord responsibilities.
The lease runs through May 2037 with built-in rental escalations every five years, enhancing long-term cash flow. Current annual rent is $756,000, with a normalized cap rate of 5.25%. Positioned along Seminole Pratt Whitney Road, the site benefits from traffic counts exceeding 19,000 vehicles per day and proximity to major residential developments, retail centers, and employment hubs.
Palm Beach County continues to experience robust economic growth, supported by major employers such as Florida Power & Light, Pratt & Whitney, and Florida Atlantic University. The surrounding area boasts strong demographics, with a projected 2026 average household income exceeding $158,000 within a five-mile radius. This asset combines a nationally recognized tenant, a long-term lease, and a high-growth location, making it an attractive addition to any investment portfolio.