7-Eleven Convenience Store with Car
New
For Sale
Contact for pricing
11804 East Colonial Drive, Orlando, FL 32828
Freestanding convenience retail property with fuel service, a car wash, and a signalized corner position.
Property Size7,911 SF
Lot Size1.31 Acres
Price / SF$681.33
Days on Market6
Property Features for 11804 East Colonial Drive
General Information
Standard status
Active
Size
7,911 SF
Lot size
1.31 Acres
Property subtype
Retail
Site & Location
Traffic Count
115,500 vehicles/day
Road Access
Yes
Additional Details
Fuel Pumps
8
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap
Listed By:
Ricardo Esteves · License #FL SL-3402581
(786) 522-7054
Source:
Crexi
Added: Sep 15
Changed: Sep 20
Last Checked: Sep 20 at 6:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
This fee-simple convenience retail property includes a 7,911-square-foot freestanding building on approximately 1.31 acres. Improvements include a fuel canopy with eight pumps and 16 fueling positions, along with an on-site car wash. The property operates under a 7-Eleven master lease and also generates rental income from Valvoline, Inc. and Hyrule Kingdom Video Games.
Located at the signalized intersection of East Colonial Drive and a major commercial corridor, the site records exposure to more than 115,500 vehicles per day. East Colonial Drive, also identified as State Road 50, connects Downtown Orlando with the University of Central Florida, Waterford Lakes, and Oviedo. The surrounding trade area includes national retailers, restaurants, banks, apartment communities, and additional educational institutions.
The original 7-Eleven lease extends through March 2033 and includes three five-year renewal options, with 10% rental increases every five years. The property is in the Orlando MSA and is approximately 20 minutes east of Downtown Orlando.
Located at the signalized intersection of East Colonial Drive and a major commercial corridor, the site records exposure to more than 115,500 vehicles per day. East Colonial Drive, also identified as State Road 50, connects Downtown Orlando with the University of Central Florida, Waterford Lakes, and Oviedo. The surrounding trade area includes national retailers, restaurants, banks, apartment communities, and additional educational institutions.
The original 7-Eleven lease extends through March 2033 and includes three five-year renewal options, with 10% rental increases every five years. The property is in the Orlando MSA and is approximately 20 minutes east of Downtown Orlando.
Key Highlights
- 7,911‑square‑foot freestanding building on approximately 1.31 acres
- Fuel canopy with eight pumps and 16 fueling positions
- On‑site car wash included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$155,347
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,106,940
$3.1M
Cap Rate 7%
$2,219,243
$2.2M
Cap Rate 9%
$1,726,078
$1.7M
Market Conditions
NOI Build-Up for 7,911 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$229.7K $29.04/SF
− Vacancy
−$7.8K −$0.99/SF
EGI
$221.9K $28.05/SF
− OpEx
−$66.6K −$8.42/SF
NOI
$155.3K $19.64/SF
Area
ZIP 32828
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,106,940
Cap Rate 7%
$2,219,243
Cap Rate 9%
$1,726,078
Alternative Uses
Best Use
Retail
$2.22M
$1.94M – $2.59M
NOI $155,347 @ 7.0% cap · market cap 2.88%
Second Best
Specialty Retail
$2.18M
$1.91M – $2.54M
NOI $152,571 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,587 @ 7.0% cap · market cap 2.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
115,500 VPD
Traffic count
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,034
Businesses Nearby
453k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Apparel 25%
Shops & Services 21%
Hotels & Casinos 4%
Burlington
Apparel
45,125 visits/mo
0.3 miles
Academy Sports + Outdoors
Apparel
37,928 visits/mo
0.3 miles
Hobby Lobby
Shops & Services
29,154 visits/mo
0.2 miles
DICK'S Sporting Goods
Apparel
28,744 visits/mo
0.4 miles
Chili's Grill & Bar
Dining
28,187 visits/mo
0.4 miles
Demographics for 32828, FL
68,428
Population
25,728
Households
2.7
Avg Household Size
34
Median Age
52%
College-Educated
95%
High-School Grad
20.8 sq mi
ZIP Area
3,290
Density / Sq Mi
$99,927
Median Household Income
$48,828
Median Earnings
$1,830
Median Rent
$403,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Orlando, FL
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Freestanding convenience retail property with fuel service, a car wash, and a signalized corner position.
Where is this grocery and convenience store located?
The property is located at 11804 East Colonial Drive Orlando, FL.
What is the asking price?
The asking price for this property is $5,390,000.
What are key features of this property?
This property features: 7,911‑square‑foot freestanding building on approximately 1.31 acres; Fuel canopy with eight pumps and 16 fueling positions; On‑site car wash included
