For Sale
$4,152,701

1001 Woodland BlvdDeLand, FL 32720

High-Yield NNN Lease, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity featuring a 3,000 square foot 7-Eleven convenience store located at 1001 N Woodland Blvd, DeLand, Florida 32720, Volusia County. This absolute NNN net lease property boasts a strong investment-grade tenant (S&P: AA-) with a lease commencement date of October 24, 2011, and an expiration date of October 2026. The property, built in 1996 and renovated in 2012, sits on a 1.38-acre lot and offers a compelling 4.00% cap rate with a current NOI of $166,108 (pro-forma NOI also $166,108). The asking price is $4,152,701, translating to $1,384.23 per square foot. The lease includes annual rent increases of 3% and three five-year renewal options. This property benefits from the tenant's strong credit rating and the security of a long-term lease. The property's APN is 04-17-30-00-00-1470. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a nationally recognized brand in a desirable location. The property's history is tied to the 7-Eleven, Inc. 3 Billion Dollar Acquisition of approximately 1100 Sunoco's.

Highlights

  • 7-Eleven corporate-owned, part of a recent $3B acquisition.
  • Lease expires October 2026.
  • Annual rent increases of 3%.
  • Three, five-year lease renewal options.
  • Investment-grade tenant with an S&P rating of AA-.

Property Details for 1001 Woodland Blvd

Property type
Retail properties, Grocery and convenience stores
Square Feet
3,000 SF
Year Built/Renovated
1996/2012
Lot Size (sq. ft)
60,113 SF

Location Insight

City
DeLand
County
Volusia
State
Florida
Latitude
29.0449371
Longitude
-81.3033846
1001 Woodland Blvd, DeLand, Florida

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1001 Woodland Blvd
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