12381 W Colonial Dr Winter Garden, FL 34787

Property Details for 12381 W Colonial Dr

Year built

2022

Lot size

1.27 lot acres

Property size

9,161 SF

Zone code

PCD

Property type

Grocery and convenience stores

APN

24-22-27-6747-03-000

APU

242227674703000

Description

This exceptional investment opportunity presents a fee-simple, newly constructed (2022) 7-Eleven convenience store with a Laredo Taco and car wash in Winter Garden, Florida, within the Orlando MSA. Located on a 1.27-acre, signalized hard corner on West Colonial Drive, this property boasts approximately 60,000 cars per day. The site benefits from its proximity to AdventHealth and a Home 2 Suites by Hilton. The 3,465 square foot building features 16 gas pumps and is under a 15-year NNN lease (commencing July 1, 2022, and expiring June 30, 2037), with 4, 5-year renewal options. The corporate-guaranteed lease provides a strong, stable income stream with a current NOI of $271,093 and a 4.90% cap rate. The asking price is $5,532,000. The property's location within an affluent area, boasting an average 3-mile household income of $118,000 (top 16% of all Florida 7-Elevens), further enhances its investment appeal. The inclusion of a Laredo Taco, a rare addition to 7-Eleven locations (less than 2% of Florida locations), adds significant value. This property is eligible for 60% bonus depreciation. The landlord is responsible for minimal maintenance after year five. This is a rare opportunity to acquire a high-performing, low-maintenance asset with a long-term lease from a blue-chip tenant in a prime location.

Location Insight

City

Winter Garden

County

Orange

State

Florida

Longitude

-81.5643

Latitude

28.5518

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments