1001 Woodland BlvdDeLand, FL 32720

Property Details for 1001 Woodland Blvd

Year built

1996

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.38 AC

Property size (Sq ft)

3,000 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

7004-00-00-1470

APU

700400001470

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $750,673

  6.5%

  $692,929

  7%

  $643,434

• Comparable approach

  Method

  Valuation

  Relative Method

  $843,923

  Geo Method

  $843,923

• Alternative Use

  Use

  Valuation

  Residential

  $584,511

  Hospitality

  $535,409

  Educational

  $445,454

  Medical

  $460,774

  Retail

  $692,929

Location Insight

City

Deland

County

Volusia

State

Florida

Latitude

29.0449

Longitude

-81.3034

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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