Remodeled Gulf Gas Station
800 S Walnut St, Starke, FL 32091
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Fully remodeled gas station with a new 20-year NNN lease.
Type:Retail, Special Purpose
Property size:
3,850 SFPrice / SF:
$1,296/SF- Added:
- Feb 5, 2026
- Days on Market:
- 96
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 800 S Walnut St
General Information
- Standard status
- Active
- Size
- 3,850 SF
- Property subtype
- Retail, Special Purpose
Building Details
- Year Built
- 2002
Listing agent David Rosenthal License #FL SL3346176
Listing office Grimaldi Commercial Realty Corp (813) 245-7333
Listing date Feb 5, 2026
Source Crexi
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HighLights
- New 20‑year NNN lease in place with scheduled rent increases every 5 years, providing long‑term, passive income.
- Strong tenant with 36+ years of experience operating 75+ gas stations, guaranteeing the lease and backed by a Gulf fuel supply agreement.
- High traffic location on US Hwy 301 with 12‑pump gas station, 3 truck pumps, and a remodeled 'Speedy's' convenience store.
- Attractive initial cap rate of 7.7% with potential to exceed 11.3% by the end of the lease term.
- Located next to McDonald’s, KFC, Burger King, Aldi, and Dunkin’ Donuts.
- Recently renovated with a new roof, HVAC, pumps, canopy, security system, signage, and a fully redone 'Speedy's' C‑store.
Overview
This fully remodeled Gulf gas station, complete with a signature "Speedys" convenience store, is situated in Starke, Florida, directly on US Highway 301. The property features 12 pumps and three truck pumps at the rear, catering to the high volume of truck traffic in the area. The location is near McDonald’s, KFC, Burger King, Aldi, and Dunkin’ Donuts. A new 20-year pure NNN lease will be signed at closing. The rental rate starts at $32,000 per month in 2026, increasing by 10% every five years. The tenant has two five-year options to extend the lease. The lease is guaranteed by the operator and backed by a Gulf gas agreement. The property has an in-place cap rate of 7.7%, which is projected to increase to over 9% by 2036 and surpass 10.2% five years later. The tenant is responsible for all expenses, including property repairs, maintenance, utilities, CAM charges, property taxes, and insurance. Recent renovations include a new roof, HVAC system, updated pumps, canopy, security system, pylon signage, exterior and interior paint, a fully redone "Speedys" convenience store, and a site history environmental report. The property size is 3850 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Gas stations
Location Insight
- Map
- Local Demand
- City
- Starke
- County
- Bradford
- State
- Florida
- Longitude
- -82.1113616
- Latitude
- 29.9380634
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FAQs
What type of property is this?
Gas station - Fully remodeled gas station with a new 20-year NNN lease.
Where is this gas station located?
The property is located at 800 S Walnut St Starke, FL.
What is the asking price?
The asking price for this property is $4,990,000.
What are key features of this property?
This property features: New 20‑year NNN lease in place with scheduled rent increases every 5 years, providing long‑term, passive income.; Strong tenant with 36+ years of experience operating 75+ gas stations, guaranteeing the lease and backed by a Gulf fuel supply agreement.; High traffic location on US Hwy 301 with 12‑pump gas station, 3 truck pumps, and a remodeled 'Speedy's' convenience store.
