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31223119
31223120

1090 N Homestead Blvd, Homestead, FL 33033

SS
FL FL SL636794
Marcus & Millichap
KO
FL 3113669
Marcus & Millichap
Marcus & Millichap
Listed by Marcus & Millichap
$11,841,926
78 days on market
Updated 78 days ago

7-Eleven - Brand New 2026 Construction

Details
APN 10-7907-026-0080
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 4,899
Net Rentable (SqFt) 4,899
Units 1
Cap Rate 5%
NOI $592,096
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 06/30/2041
Remaining Term 15.2
Rent Bumps Yes
Lease Options 4, Five Years
Price per SqFt $2,417
Broker Co-Op Yes
Class A
Year Built 2026
Buildings 1
Stories 1
Lot Size (SqFt) 57,921
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 06/01/2026
Occupancy Date 06/01/2026
Ground Lease No
Ownership Fee Simple

15 Year NNN Lease | Relocation Store | 4,899 SqFt

Marketing description

Marcus & Millichap is pleased to present a net leased investment opportunity consisting of a new construction, corporate-guaranteed 7-Eleven with convenience store that includes multiple restaurant concepts and fuel service on multiple pump islands. It is located on US1 which is the primary north/south transportation corridor serving the eastern seaboard of the United States. This brand new 7-Eleven is subject to a 15-year absolute triple-net (NNN) lease with four (4) five-year options to extend and 10% rent increases every five years, offering a passive, long-term income stream with built-in inflation protection. It is a relocation store from across the street, which was essential to fulfill the needs of the market.

The subject property features 7-Eleven’s latest “New Standard” prototype, situated on an oversized 1.33-acre parcel of land with a 4,899 SF convenience store. Designed to optimize operations and customer experience, the New Standard format includes upgraded store layouts, expanded food and beverage offerings, and enhanced fuel service capabilities. The site includes a full-service gas station with 4 pump islands, storage tanks, and a large canopy. The store is expected to open its doors to the public in June 2026.

This new 7-Eleven is located at the signaled intersection of US-1 (N Homestead Blvd) & NE 11th St, benefiting from a combined traffic count exceeding 41,000 Vehicles Per Day. This densely populated area has 117,000+ residents within a 3-mile radius & is adjacent to a Publix, Marshalls, HomeGoods & CVS anchored shopping center.

The 7-Eleven benefits from its proximity to major residential growth, including D.R. Horton’s 97-acre Sandero Landing development less than 2 miles away, which will deliver over 1,100 homes and 200,000+ SF of commercial space. Also nearby, Lennar is actively building communities such as Altamira and Terra Sol & The Estate Companies’ Soleste Midtown Project, adding further housing density to this expanding corridor.

7-Eleven, Inc.—a wholly owned subsidiary of Japan-based Seven & I Holdings—is the world’s largest convenience retailer, with over 13,000 U.S. locations and 83,000 stores globally. Backed by an A credit rating and $79 billion in global revenue (2024), the brand offers institutional-grade investment security. This site represents a strategic relocation of an existing 7-Eleven store from across the street (just north of US-1), underscoring the company’s long-term commitment to this location.

Investment highlights

  • CORPORATE GUARANTEE: S&P A Rated Company W/ $79B in Revenue-High Growth Retailer-Outpacing the Competition

  • 15 YEAR ABSOLUTE NNN LEASE: 10% Rental Increases Every 5 Years-Hedge Against Inflation

  • EXCELLENT VISIBILITY & ACCESS: Three Points Of Ingress/Egress With Combined Traffic Counts of 41,000+ VPD

  • DENSELY POPULATED AREA: 3,000+ Residential Units Being Developed Within a 3 MI Radius From Subject

  • QUALIFIES FOR 100% BONUS DEPRECIATION: Contact Listing Agent For Estimate of Savings

  • BRAND NEW 2026 CONSTRUCTION: Gas Station With 4 Pump Islands & Canopy-Oversized C-Store (4,900 SF)

  • OVERSIZED 1.33 ACRE PARCEL: 600+ Ft of Combined Linear Frontage

  • RELOCATION STORE: Moved From Across The Street to Accommodate The Needs of the Market

Listing Contacts

SS
FL FL SL636794
Marcus & Millichap
KO
FL 3113669
Marcus & Millichap
Marcus & Millichap
Listed by Marcus & Millichap

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$592,096.00
$49,341.33/mo

Valuation Metrics

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DSCR
5%
Cap Rate
5%
ROI

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Additional Information

Name
Scott Sandelin
License
FL SL636794
Brokerage Address
2916 N Miami Ave
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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