1701 S Bay St, Eustis, FL 32726

Marcus & Millichap is pleased to present the opportunity to acquire a single-tenant, net-leased Shell-branded gas station and convenience store located at 1701 S Bay Street in Eustis, Florida. The property consists of a ±3,000-square-foot convenience store on approximately 0.48 acres, featuring a fuel canopy with four pump islands and eight fueling positions, along with ample on-site parking.

The asset is secured by a long-term, absolute triple-net (NNN) lease with an experienced operator, providing stable cash flow through 2036 with scheduled 10% rental increases every five years. The tenant is responsible for all operating expenses, including real estate taxes, insurance, and maintenance, offering a passive ownership opportunity with no landlord responsibilities. Supplemental income from fuel operations, including per-gallon rebates and prompt pay incentives, enhances the overall return profile beyond base rental revenue.

Strategically located along South Bay Street, a primary north-south corridor in Eustis, the property benefits from strong visibility, high traffic counts of ±25,500 vehicles per day, and excellent accessibility via two points of ingress and egress. The immediate area is anchored by national retailers including Publix, Walmart, Walgreens, and CVS, supported by dining options such as McDonald's, Burger King, and Subway, and a mix of service-oriented tenants. Proximity to the US-441 retail corridor, home to Lowe's, T.J. Maxx, and other big-box retailers, further enhances regional draw and commercial activity.

The surrounding market continues to grow with expanding residential developments and ongoing commercial investment throughout Lake County. The site's established use as a fuel station presents high barriers to entry due to zoning and environmental restrictions. This offering represents an attractive opportunity to acquire a high-yield, necessity-based retail asset with long-term lease security, stable income, supplemental fuel-based revenue, and exposure to a growing residential and commercial trade area.