31631 State Road 44 - Service Station FOR SALE


Eustis, FL 32736
$6,696,000 USD
512-470-0495
31631 State Road 44, Eustis, FL for Sale
$6,696,000 USD
Service Station - FOR SALE
1/6
null | 5.5% Cap Rate

31631 State Road 44
Eustis, FL 32736


HIGHLIGHTS

  • Recently built property, interior and exterior in excellent condition.
  • Excellent location directly off I-44.
  • Walkable distance to Spruce Lake.
  • National tenant, 7-Eleven.

OVERVIEW

• Brand-new, state-of-the-art construction with 7-Eleven’s latest prototype • Top-rated tenant | 7-Eleven has an A, investment-grade credit rating (Standard and Poor’s; Stable outlook) which is stronger than a majority of national retail tenants • New, 15-year lease with 10% rent increases every 5 years throughout the initial term and options, providing an excellent hedge against inflation • Ideal market share | This will be the first gas station for over 15 miles when traveling E/NE on Highway 44/State Rd 44 • Excellent access and visibility from Highway 44/State Rd 44 | 12,450 VPD • Accelerated Depreciation Eligibility | The investment may be eligible for accelerated and/or bonus depreciation (consult your CPA to confirm) which is a significant cash flow advantage from a tax perspective • Investment is located in an income tax-free state • 7-Eleven is one of the nation’s largest independent gasoline retailers and has well over 70,000 stores worldwide throughout 18 countries

FOR SALE DETAILS

PRICE

$6,696,000 USD

PRICE/SF

$1,366 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brand-new 7-Eleven | 15 Yrs NNN | FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

3.43 AC

LAND SF

149,257 SF

ZONING

CP

APN/PARCEL ID

08-18-29-0200-00D-00900

ASK ABOUT THIS PROPERTY

James ChapaSRS Real Estate PartnersMore Info
512-470-0495

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

James ChapaSRS Real Estate PartnersMore Info
512-470-0495

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.