NNN Retail
For Sale
$1,753,676
1385 US-98, Bartow, FL 34786
Four occupied Florida retail assets feature nationally recognized tenants and scheduled lease escalations.
Property Size2,925 SF
Price / SF$599.55
Days on Market152
Property Features for 1385 US-98
General Information
Standard status
Active
Size
2,925 SF
Property subtype
Auto Service - Gas-Conv
Amenities
7-Eleven has Been Operating at this Location Since 1990 and Extended their Lease for 10 Years in 2020 After Exhausting all Renewal Options
Lease Offers Rare 15% Rental Increases Every 5 Years
7-Eleven has an S&P Investment Grade Credit Rating of "A-" and an Annual Revenue of more than $78.50 Billion
Located at the Southwest Corner of US Highway 98 and Manor Dr, Subjectis the Only Gas and Convenience Store Southbound within the City of Bartow
Highway 98 Boasts 48,000+ Vehicles Trafficked Daily | Numerous National Retailers in the Surrounding Area
Florida is an Income Tax Free State
Building Details
Building Size
2,925 SF
Listing Agency:
Marcus & Millichap - Orlando
Listed By:
Casey Barker · License #License(s): FL: SL3258770
(407) 557-3819
Source:
Marcusmillichap
Added: May 27
Changed: Oct 24
Last Checked: Oct 24 at 1:30PM
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 - Orlando
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Investment Insights
Based on property information with market context.
This NNN portfolio combines three 7-Eleven locations with an adjacent Advance Auto Parts asset in Central Florida. The properties are 100% occupied and include nationally recognized tenancy, corporate-guaranteed occupancy at the Clearwater location, and scheduled rent increases ranging from 12% every five years at the Windermere asset to 15% every five years in Bartow. The portfolio carries a 5.50% cap rate.
The Windermere 7-Eleven is positioned as an outparcel to a Publix-anchored center near Disney. The Bartow store occupies a signalized corner along US-98 and has operated since 1990, with reported traffic exceeding 48,000 vehicles per day. In Clearwater, the 7-Eleven and Advance Auto Parts locations sit at the hard corner of North Highland Ave near Clearwater Beach, surrounded by national retailers and a five-mile population exceeding 200,000.
The Windermere 7-Eleven is positioned as an outparcel to a Publix-anchored center near Disney. The Bartow store occupies a signalized corner along US-98 and has operated since 1990, with reported traffic exceeding 48,000 vehicles per day. In Clearwater, the 7-Eleven and Advance Auto Parts locations sit at the hard corner of North Highland Ave near Clearwater Beach, surrounded by national retailers and a five-mile population exceeding 200,000.
Key Highlights
- 100% occupied NNN portfolio with three 7‑Eleven assets and one Advance Auto Parts asset
- 5.50% cap rate
- Windermere 7‑Eleven outparcel to a Publix‑anchored center near Disney
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,438
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,148,760
$1.1M
Cap Rate 7%
$820,543
$820.5K
Cap Rate 9%
$638,200
$638.2K
Market Conditions
NOI Build-Up for 2,925 SF
Gross rent
$84.9K $29.04/SF
− Vacancy
−$2.9K −$0.99/SF
EGI
$82.1K $28.05/SF
− OpEx
−$24.6K −$8.42/SF
NOI
$57.4K $19.64/SF
Area
Orange County, FL
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 Rate 5%
$1,148,760
Cap Rate 7%
$820,543
Cap Rate 9%
$638,200
Alternative Uses
Best Use
Retail
$820.5K
$718.0K – $957.3K
NOI $57,438 @ 7.0% cap · market cap 3.28%
Second Best
Specialty Retail
$805.9K
$705.1K – $940.2K
NOI $56,411 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$832.4K
$728.3K – $971.1K
NOI $58,266 @ 7.0% cap · market cap 3.32%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
499k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 30%
Groceries 15%
Home Improvements & Furnishings 6%
Publix
Groceries
50,650 visits/mo
0.4 miles
McDonald's
Dining
40,381 visits/mo
0.1 miles
RaceTrac
Shops & Services
33,690 visits/mo
0.3 miles
Five Below
Shops & Services
23,484 visits/mo
0.4 miles
Bealls
Apparel
23,045 visits/mo
0.5 miles
Demographics for 34786, FL
46,553
Population
17,702
Households
2.6
Avg Household Size
37
Median Age
59%
College-Educated
97%
High-School Grad
19.8 sq mi
ZIP Area
2,351
Density / Sq Mi
$131,409
Median Household Income
$64,429
Median Earnings
$2,239
Median Rent
$621,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Four occupied Florida retail assets feature nationally recognized tenants and scheduled lease escalations.
Where is this nnn property located?
The property is located at 1385 US-98 Bartow, FL.
What is the asking price?
The asking price for this property is $1,753,676.
What are key features of this property?
This property features: 100% occupied NNN portfolio with three 7‑Eleven assets and one Advance Auto Parts asset; 5.50% cap rate; Windermere 7‑Eleven outparcel to a Publix‑anchored center near Disney
