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Convenience Store with Long-Term Lease
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998 W Hwy 50, Clermont, FL 34711

Long-term convenience store offering with scheduled 12% rent increases every five years.

Property SizeContact for details
Days on Market121

Property Features for 998 W Hwy 50

General Information

Standard status Active
Property subtype Retail

Additional Details

Highway Access Yes

Building Details

Tenancy Single
Listing Agency: Harber Real Estate
Listed By: Timothy Harber, CCIM · License #BK 621377
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 23 at 9:54AM

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 Harber Real Estate

Investment Insights

Based on property information with market context.

This offering features a long-term lease with a hedge against inflation through scheduled 12% rental increases every five years. The property is operated by 7-Eleven, Inc., a convenience store chain with more than 60,000 stores across 18 countries, per the provided remarks. The asset may be sold with the lease in place or vacated and unbranded.

The property is located at 998 W Hwy 50 in Clermont, Florida, approximately 20 miles outside of Orlando, with easy access to major freeways. It is surrounded by residential communities and major retailers, with the provided remarks noting significant projected population growth within a 5-mile radius.

The transaction is presented as a for-sale convenience retail investment with either continued branded operation under the existing lease or availability following vacancy and unbranding.

Key Highlights

  • Long‑term lease with scheduled 12% rental increases every 5 years
  • 7‑Eleven, Inc. convenience store brand; more than 60,000 stores in 18 countries
  • Approximately 20 miles outside of Orlando with easy access to major freeways

Property Analytics

Current Use

7-Eleven Grocery & Convenience Store Mobil Gas Station

Suggested Use

Top Pick Storage Facility Parking Lot & Garage (Bike/Boat/Book/etc) Store Grocery & Convenience Store Electrical Service Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

761
Businesses Nearby
Under-served
Demand for This Use

Demographics for 34711, FL

67,980
Population
28,127
Households
2.4
Avg Household Size
45
Median Age
36%
College-Educated
95%
High-School Grad
39.2 sq mi
ZIP Area
1,734
Density / Sq Mi
$88,474
Median Household Income
$46,456
Median Earnings
$1,817
Median Rent
$369,900
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Long-term convenience store offering with scheduled 12% rent increases every five years.
Where is this grocery and convenience store located?
The property is located at 998 W Hwy 50 Clermont, FL.
What are key features of this property?
This property features: Long‑term lease with scheduled 12% rental increases every 5 years; 7‑Eleven, Inc. convenience store brand; more than 60,000 stores in 18 countries; Approximately 20 miles outside of Orlando with easy access to major freeways
More about this property
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