This exceptional investment opportunity presents a brand-new, 4,650-square-foot 7-Eleven convenience store and gas station in Homosassa, Florida. The property boasts a 15-year absolute NNN lease with a corporate guarantee from 7-Eleven, commencing April 25, 2024, and expiring April 25, 2039. The lease includes four 5-year renewal options, ensuring long-term stability. Rental increases of 10% every five years are built into the lease, providing a hedge against inflation and increasing the net operating income (NOI) of $457,991. The property sits on a 1.32-acre lot and features 10 gas pumps. Located at a hard-corner, signalized intersection on US Hwy 19 (32,000 vehicles per day), this high-traffic location benefits from its proximity to a dense retail corridor including Publix, Winn-Dixie, Walgreens, and other national brands, as well as Ellie Schiller Homosassa State Park, attracting over 280,000 visitors annually. The property offers a 5.00% cap rate and a price per square foot of $1,969.89. This is a fee-simple ownership with zero landlord responsibilities, making it an ideal, management-free investment, particularly attractive to out-of-state investors due to Florida's lack of state income tax. The tenant is responsible for all common area maintenance (CAM), taxes, and insurance. This is a truly exceptional opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential.
Highlights
Brand new 15-year lease with four 5-year renewal options, signed by 7-Eleven.
Absolute NNN lease; fee simple ownership; no landlord responsibilities; zero state income tax.
Shadow-anchored by Publix and Winn-Dixie, located in a dense retail corridor near Ellie Schiller Homosassa State Park.
High-traffic, signalized hard corner intersection on US Hwy 19 (32,000 VPD).
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Contacts
William Wamble
Teddy Leonard
Patrick Nutt
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8628 Halls River Rd, Homosassa, Florida, 34448
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8628 Halls River Rd
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