Listed by Secure Net Lease
$13,077,000
7-Eleven
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 4,853
Cap Rate 5.15%
NOI $673,464
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Lease Type Absolute NNN
Lease Term 18
Lease Expiration 08/01/2044
Remaining Term 18.1
Rent Bumps Yes
Lease Options (4) 5-Year Renewal Options
Price per SqFt $2,695
Year Built 2026
Buildings 1
Stories 1
Acreage 4.600
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/01/2026
5.15% CAP | US Hwy 98 Frontage Location
Marketing description
- Brand New, 18-Year, Corp. NNN Lease: Opens 2026 | 8% Rent Bumps in Years 6 & 11, 5% in Year 16, and 8% Every 5-Years During Option Periods
- US Hwy 98 Frontage (+42K VPD; +4K Truck AADT): Major Thoroughfare Linking I-4 Commercial Corridor to Central and North Florida. $270 M Four Lane Hwy Expansion Underway
- Lakeland Is a Major Distribution Hub: Class a Distribution Facilities Serving Walmart, Amazon, FedEx, O’Reilly Auto Parts, Rooms To Go, PepsiCo, and More. Driven by Sustained Population Growth and E-Commerce Expansion
- US Census Ranks Lakeland-Winter Haven MSA #4 Fastest Growing Metro Area in US (3.8%) – 127,000 People Moved to Polk County 2020–2024
Investment highlights
- Projected Store Opening: August 2026
- Brand New, 18-Year, Corp. NNN Lease: 8% Rent Bumps in Years 6 & 11, 5% in Year 16, and 8% Every 5-Years During Option Periods
- Minutes from Lakeland’s primary retail corridor, including Walmart Supercenter; The Shoppes of Lakeland (±186,000 SF) anchored by Target, TJ Maxx, and Burlington; Lakeland Square Mall, anchored by JCPenney and Dillard’s; and additional major retailers such as Sam’s Club, Aldi, Home Depot, Lowe’s, Dick’s Sporting Goods, Best Buy, and Academy Sports + Outdoors.
- Lakeland is home to the Publix Corporate Headquarters, the largest private employer in the state of Florida
- Strategically located between Orlando and Tampa: Just 30 minutes east of Tampa and an hour west of Orlando, the city of Lakeland serves as a manufacturing and distribution hub for both MSAs and is ideally positioned to benefit from both metros' population growth
- Florida is expected to add +306,000 people per year through 2030
Listing Contacts
Listed by Secure Net Lease
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$673,464.00
$56,122.00/mo
Valuation Metrics
0
DSCR
5.15%
Cap Rate
5.15%
ROI
Map
Zoning
NAC CommercialNeighborhood CommercialNeighborhood Activity Center
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View all 141 uses Last updated Jan 28, 2026 For deeper zoning details, reports are available at Zoneomics
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