For Sale
$5,544,000

1011 Sumter BlvdNorth Port, FL 34287

Florida Retail Net Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a fee-simple, absolute NNN lease on a 4,034 square foot 7-Eleven convenience store and gas station located at 1011 S Sumter Blvd, North Port, FL 34287. The property sits on 1.28 acres and boasts a strong corporate guarantee from 7-Eleven, ensuring consistent income. Built in 2002, the lease commenced January 23, 2002, and has a remaining term of 12.8 years, expiring August 31, 2037. The lease includes 10% rent bumps every five years and three five-year renewal options. The property currently generates a Net Operating Income (NOI) of $277,200, representing a 5.00% cap rate on the $5,544,000 asking price. Located in a rapidly growing area of Sarasota County, this 7-Eleven benefits from high visibility and significant foot traffic due to its proximity to other national retailers and new residential developments. The 100% occupancy since its opening further underscores the property's stability and potential for long-term appreciation. This is a rare opportunity to acquire a well-established, high-performing asset in a booming market. The property's strong financials, long-term lease, and prime location make it an ideal addition to any investment portfolio.

Property Details for 1011 Sumter Blvd

Property type
Retail properties, Grocery and convenience stores
Square Feet
4,034 SF
Year Built
2002

Location Insight

City
North Port
County
Sarasota
State
Florida
Latitude
27.0703919
Longitude
-82.2091832
1011 Sumter Blvd, North Port, Florida

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1011 Sumter Blvd
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