• An Award Winning Net Lease & Retail Commercial Real Estate Group

Fee Simple NNN 7-Eleven: I-4 Highway Exit

2626 Lee Rd, Winter Park, FL 32789, USA
$3,368,421

Description

Marcus & Millichap is pleased to present for sale this 7-Eleven in Winter Park (Orlando), Florida. 7-Eleven recently signed a 15 year lease with 10 percent increases in rent every five years and three (five year) options to extend. The property is located at the hard corner signalized intersection of US 92 and Wynmore Road with traffic counts exceeding 50,000 Vehicles Per Day and Directly off the I-4 Interchange with direct visibility to over 165,000 Vehicles Per Day (I-4 Highway Traffic). Retailers in the immediate vicinity include Fields BMW Dealership, The Home Depot, Denny’s, Chevron, Walmart Market, McDonald’s and numerous others.
Winter Park is a city in Orange County, Florida, just north of Orlando. Once considered a winter resort for the “snowbirds” fleeing the harsh winters of the northeastern United States, Winter Park is now an arts and culture-filled city with a thriving year-round population. Winter Park is home to Rollins College and the Charles Hosmer Morse Museum of Natural Art, with all of the Orlando attractions such as SeaWorld, Universal Orlando, and Disney World just minutes away. Winter Park has over 70 parks and gardens, all home to various events, festivals and celebrations throughout the year making Winter Park a destination for nature lovers, festival goers and tourists alike.

  • 15 Year NNN Lease with 10% Increases every 5 Years
  • 7-Eleven Corporate Guarantee (65,000+ Locations and AAS& P Credit Rating)
  • Hard Corner Signalized Intersection Directly Off Interstate 4 (165,000 VPD Traffic)
  • Rare Fee Simple Asset Allowing for Accelerated Depreciation (See Accountant for Details)
  • Winter Park is in the Orlando MSA and has Experienced very Strong Population Growth (21% Pop Growth since 2010)
  • Average Household Income Exceeds $84,000 in a 3 Mile Radius
  • Florida is a No Income Tax State

Property Documents

  • City: Winter Park
  • State/county: Florida
  • Zip/Postal Code: 32789
  • Country: United States

Detail

  • Price: $3,368,421

Additional details

  • CAP Rate: 4.75%
  • NOI: $160,000

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