8628 Halls River Rd Homosassa, FL 34448

Property Details for 8628 Halls River Rd

Year built

2024

Lot size

1.32 lot acres

Property size

4,650 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a brand-new, 4,650-square-foot 7-Eleven convenience store and gas station in Homosassa, Florida. The property boasts a 15-year absolute NNN lease with a corporate guarantee from 7-Eleven, commencing April 25, 2024, and expiring April 25, 2039. The lease includes four 5-year renewal options, ensuring long-term stability. Rental increases of 10% every five years are built into the lease, providing a hedge against inflation and increasing the net operating income (NOI) of $457,991. The property sits on a 1.32-acre lot and features 10 gas pumps. Located at a hard-corner, signalized intersection on US Hwy 19 (32,000 vehicles per day), this high-traffic location benefits from its proximity to a dense retail corridor including Publix, Winn-Dixie, Walgreens, and other national brands, as well as Ellie Schiller Homosassa State Park, attracting over 280,000 visitors annually. The property offers a 5.00% cap rate and a price per square foot of $1,969.89. This is a fee-simple ownership with zero landlord responsibilities, making it an ideal, management-free investment, particularly attractive to out-of-state investors due to Florida's lack of state income tax. The tenant is responsible for all common area maintenance (CAM), taxes, and insurance. This is a truly exceptional opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential.