Listed by Cushman & Wakefield - Sacramento, California
$4,749,000
7-Eleven Ground Lease | Auburndale, FL
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 4,853
Cap Rate 4.80%
NOI $227,942
Tenancy Single
Brand/Tenant 7-Eleven
Lease Type Absolute NNN
Lease Expiration 03/30/2044
Remaining Term 18
Rent Bumps Yes
Broker Co-Op Yes
Year Built 2026
Acreage 1.500
Parking Spaces 30 spaces
Parking Per SqFt 6.18
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Rent Commencement 03/04/2026
Ground Lease Yes
Publix Outparcel on Hard Signalized Corner | Brand New 2026 Construction
Marketing description
Prime Retail Location: High-visibility and easily accessible location at the signalized intersection of FL-559 (24,000 AADT) & William Van Fleet Road.
Excellent Access: Trophy location with excellent access to Interstate 4 (102,682 AADT), a major Florida arterial which intersects with several major expressways as it traverses Central Florida, including U.S. Highway 41 (US 41) in Tampa.
Reliable Tenancy: Leased to 7-Eleven, the world's leading convenience store chain operating over 9,500 locations in the U.S.
Strong Demographic Base: The five-mile radius serves an affluent and populous region the has grown 55% since 2010, with an average annual household income of $146,235 within one mile.
New 2026 Construction: Built in 2026, the 4,853 SF property on a large 1.50-acre parcel is designed for 7-Eleven's specific operational needs.
Zero Management Responsibilities: Absolute NNN ground lease structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot.
Growing Market Dynamics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this 7-Eleven and Auburndale for steady concurrent growth.
Investment highlights
- Rare 18-year absolute NNN ground lease to Investment-grade tenant (S&P: "A-")
- 10% rental increases every six (6) years during initial term, then 8% rental increases every five (5) years during options periods.
- Tenant covers all taxes, insurance, maintenance, roof, structure, and parking lot, providing fully passive investment.
- 7-Eleven generates over $30 billion in annual U.S. revenue.
- 7-Eleven's universal brand recognition makes it a cornerstone in high-traffic locations, drawing customers across demographics.
- Hard signalized corner location as a direct pad to Publix anchored center with future Heartland Dental and Taco Bell.
- Excellent access to Interstate 4 (102,682 AADT), a major Florida arterial which intersects with several major expressways as it traverses Central Florida, including U.S. Highway 41 ir Tampa.
- Other tenants within the development include UPS, Pizza Hut, and Huey Magoo's.
- Surrounded by new industrial development including 1.08m-sf amazon fulfillment cente
- 0.2 miles from a 1.08 million-SF Amazon fulfillment center.
- Adjacent to Amazon is another future 1M SF industrial development.
- Surrounded by several other large retail, industrial, mixed use, and residential development
- Five-mile population has increased 55% since 2010.
- Excellent average annual household income of $146,235 within a one-mile radius of the property.
Listing Contacts
Listed by Cushman & Wakefield - Sacramento, California
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$227,942.00
$18,995.17/mo
Valuation Metrics
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DSCR
4.8%
Cap Rate
4.8%
ROI
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