Current Use by Public Records
- Retail properties & Spaces
Property Details for 8767 Us-301
- Year built
- 2024
- Lot size
- 2.35 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a brand-new, fee-simple 7-Eleven convenience store and gas station in Wildwood, Florida. The property boasts a 15-year absolute NNN lease with a corporate guarantee from 7-Eleven, commencing October 1, 2024, and featuring 10% rent increases every five years. Four five-year renewal options further enhance the long-term value. The 4,650-square-foot building sits on a 2.35-acre lot at a high-traffic intersection (28,000 vehicles daily), benefiting from its proximity to the rapidly expanding Villages community and the soon-to-be-completed Twisted Oaks Pointe mixed-use development. This development will add 736 single-family homes, 224 townhomes, 300 apartments, and 162,000 square feet of commercial space. The property's strong location is supported by a 5-mile radius population of 83,543, with an average household income exceeding $89,874. Projected population growth within a 3-mile radius is 17% by 2028. The asking price is $10,761,904, representing a 5.25% cap rate and a price per square foot of $2,314.39. The property includes a single-row canopy with eight dispensers (16 fueling stations) and ample parking. This is a passive investment with no landlord responsibilities, offering significant long-term growth potential in a thriving Florida market. The current NOI is $565,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wildwood
- County
- Sumter
- State
- Florida
- Longitude
- -82.0361
- Latitude
- 28.884
