28415 Us-27 Leesburg, FL 34748

This exceptional investment opportunity presents a 4,888 square foot 7-Eleven convenience store and gas station located on a 3.98-acre lot in Leesburg, Florida. The property boasts a new 15-year absolute NNN lease commencing September 15, 2024, and expiring September 30, 2039, with a 10% rent increase every five years. The tenant, 7-Eleven, Inc., is a credit-rated, investment-grade corporate tenant with a strong track record. The property benefits from its strategic location at the signalized intersection of US Highway 27 (35,500 AADT) and County Road 33 (7,651 AADT), offering excellent visibility and accessibility. Its proximity to a Publix Super Market further enhances its appeal and potential for crossover shopping. The site is situated in a thriving residential area with strong demographics, including a population of 375,426 within a 15-mile radius and an average annual household income of $92,935. Projected population and income growth within the surrounding area indicate a promising future for this investment. The property's Net Operating Income (NOI) is $678,479, resulting in a 5.50% cap rate. The asking price is $12,336,000. This is an ideal investment for passive investors seeking a stable, long-term, low-management opportunity in a high-growth market. The property was built in 2024. This is a 1031 exchange eligible property.