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7-Eleven: Orlando, FL 10601 Narcoossee Rd 5,000 SF Retail Building Orlando, FL 32832 $5,816,300 ($1,163.26/SF) 4.50% Cap Rate

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Investment Highlights

Outparcel to the 78,241 SF Cornerstone at Lake Hart shopping center, anchored by Publix.
Investors benefit from fee simple ownership of the building and land, allowing for the potential benefits of bonus depreciation.
The property is within the Lake Nona—one of the fastest-growing and most innovative communities in America.

Located less than 12 miles southeast of downtown Orlando.
By visits, this Orlando location ranks among the top 4% of 7-Eleven stores nationwide, the top 12% throughout Florida, and top 13% within 15 miles.
Robust population growth with a 2020-2024 annual growth rate of 4.72% and a projected 7.86% annual growth rate for the 2024-2029 period.

Executive Summary

CBRE is pleased to exclusively offer for sale the 5,000 square-foot 7-Eleven on 1.25 acres in Orlando, FL (MSA population: 2.83M). After previously executing its first 5-year renewal option, 7-Eleven recently agreed to an early 15-year lease extension. Notably, this extension was secured without any rent concessions, demonstrating 7-Eleven's commitment to the location. The lease currently features ±15.5 years of term remaining with a 10% rent increase in 2031, 2036 and in each of the three, 5-year renewal options.