8628 Halls River Rd, Homosassa, FL 34448

Property Details for 8628 Halls River Rd

Year built

2024

Lot size

1.32 lot acres

Property type

Retail properties & Spaces

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.

Location Insight

City

Homosassa

County

Citrus

State

Florida

Longitude

-82.577

Latitude

28.8037