316 Memorial Blvd Lakeland, FL 33801

This exceptional investment opportunity presents a fee-simple 7-Eleven convenience store and gas station in Lakeland, Florida. Built in 2019, the 4,650-square-foot property sits on a 1.1-acre lot with 28 parking spaces and 16 gas pumps. Located on a hard corner with high visibility (71,000 vehicles per day), it benefits from its strategic position near Lakeland Regional Health Medical Center and within a dense retail corridor. The property boasts a 100% occupancy rate under a corporate-guaranteed, absolute NNN lease with a remaining term of 10.1 years, expiring December 31, 2034. The lease includes four 5-year options and 10% rent bumps every five years. The current net operating income (NOI) is $359,760, yielding a 5.15% cap rate, and the asking price is $6,985,631 ($1,502.29 per square foot). This property is situated in Polk County, Florida's fastest-growing county, offering significant long-term growth potential. The property's prime location, strong tenant, and favorable lease terms make it an attractive investment for discerning buyers. The property's parcel number is 24-28-07-170500-001010.