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32023329
32294037

3861 Garcon Point Road, Milton, FL 32583

VA
CA CA 01728696
Cushman & Wakefield - Sacramento, California
MY
CA 01823291
Cushman & Wakefield - Sacramento, California
RT
CA CA 02087816, 02087816
Listed by Cushman & Wakefield - Sacramento, California
$14,987,000
64 days on market
Updated 57 days ago

7-Eleven (Speedway) | Adjacent to Interstate 10

Details
Property Type Retail
Sub Type Gas Station, Convenience Store
Square Footage 4,650
Pumps 4
Cap Rate 5.25%
NOI $786,797
Tenancy Single
Brand/Tenant 7-Eleven
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 07/31/2041
Remaining Term 15
Rent Bumps Yes
Lease Options 4 x 5-year options
Broker Co-Op True
Year Built 2026
Acreage 8.140
Parking Spaces 40 spaces
Parking Per SqFt 8.60
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 07/01/2026
Ground Lease No

Commercial Fleet Location | New 15-Year Abs NNN Lease

Marketing description

The YAFC Team is pleased to present the exclusive opportunity to acquire a newly constructed Speedway fuel and convenience retail property paired with a Commercial Fleet Location (CFL) truck stop, strategically located in Milton, Florida, with direct access to Interstate 10 (I-10). This purpose-built travel-center asset is positioned to serve local and regional vehicular and freight traffic on one of the Southeast's most important east-west transportation corridors, delivering robust and stable patronage from both consumer and commercial segments.

The site is situated at a high-visibility intersection with direct ingress/egress to I-10, providing seamless access for passenger vehicles, heavy trucks, and interstate travelers. The combination of a nationally recognized convenience brand (Speedway) and an integrated CFL truck stop enhances the property's competitive positioning, capturing demand from long-haul freight operators, regional logistics fleets, and everyday motorists alike. The truck stop design includes premium amenities tailored to drivers' needs, including four high-speed diesel pumps, ample parking, and high-turnover fueling infrastructure.

Milton, a growing hub in northwest Florida's Santa Rosa County, benefits from favorable transportation economics, increasing population growth, and expanding commercial activity driven by its proximity to Pensacola, Crestview, and Jacksonville. The region's strategic location along I-10 — a vital freight and passenger route connecting Florida to major Gulf Coast and inland markets — supports consistent, year-round demand for fuel, food, rest, and traveler services.

The subject property is under a corporate lease structure with a credit-backed tenant, providing predictable, passive income and minimal landlord responsibilities. The asset was developed to modern specifications with high throughput fueling dispensers, a well-appointed convenience store, and truck-oriented infrastructure, positioning it as a turnkey travel destination with immediate operational capacity.

This offering represents a rare opportunity to acquire a mission-critical travel-center asset backed by a national operator on an essential interstate transportation corridor. The combination of brand strength, location economics, and diversified end-user demand makes this property an attractive investment for investors seeking stable cash flow with exposure to the resilient travel and transportation services sector.

Investment highlights

  • New 15-year absolute NNN lease to Speedway, which was acquired in 2021 by 7-Eleven, Inc. (S&P: "A-" | Moody's: "Baa2"), the world's leading convenience store chain operating over 12,000 locations in the U.S.

  • 10% rental increases every five (5) years in initial term and four (4) five-year option periods, ensuring consistent income growth.

  • Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.

  • Florida is an income tax-free state, greatly enhancing the appeal of this property.

  • Located just off Interstate 10 (42,000 AADT), one of Milton's primary east-west thoroughfares connecting Mobile to Tallahassee.

  • Immediately surrounded by steady residential development, driven by Milton's explosive population growth since 2010 (28% increase).

  • 34,959 residents live within five miles of the property, with a projected 9% population growth by 2030.

  • 2026 construction with full-service CFL truck stop built to the latest 7-Eleven (Speedway) prototype.

  • A large 8.14-acre parcel offers ample parking and easy ingress/egress, catering to high-traffic convenience store operations.

  • A standalone C-store and 12 canopied fuel pumps (6 MPDs) for additional customer convenience and comfort attracts additional patrons, enhancing the property's revenue potential and customer draw.

  • Featuring 4 high-speed diesel pumps, this site is optimized for local, regional, and long-haul fleets.

Listing Contacts

VA
CA CA 01728696
Cushman & Wakefield - Sacramento, California
MY
CA 01823291
Cushman & Wakefield - Sacramento, California
RT
CA CA 02087816, 02087816
Listed by Cushman & Wakefield - Sacramento, California

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$786,797.00
$65,566.42/mo

Valuation Metrics

0
DSCR
5.25%
Cap Rate
5.25%
ROI

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Zoning

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HCD CommercialSpecial CommercialHighway Commercial Development
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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