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7-Eleven 1290 E Lake Rd S 2,940 SF 100% Leased Retail Building Tarpon Springs, FL 34688 $4,919,400 ($1,673.27/SF) 4.75% Cap Rate



INVESTMENT HIGHLIGHTS
- Top Performing Store Nationwide (Per AlphaMaps): Ranked in the 99th percentile nationally for customer foot traffic
- Strong Site Commitment: 7-Eleven recently executed a 10-year lease extension, underscoring long-term commitment to this location
- Bonus Depreciation Eligible: Gas stations qualify for bonus depreciation which allows you to write off the majority of the purchase in year one
- Absolute NNN Lease: Structured as an absolute NNN lease, providing 100% passive income with zero landlord responsibilities
- Investment Grade Credit: 7-Eleven carries an “A-” credit rating from Standard & Poor’s, offering exceptional income security
- Attractive Rental Growth: The lease includes 10% rent increases every five (5) years (including options), providing a strong hedge against inflation
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,940 SF
Building Class
B
Year Built
2000
Price
$4,919,400
Price Per SF
$1,673.27
Cap Rate
4.75%
NOI
$233,673
Percent Leased
100%
Building Height
1 Story
Building FAR
0.07
Lot Size
1.01 AC
Frontage
163’ on LAKE RD
PROPERTY TAXES
| Parcel Number | 22-27-16-23970-000-0010 | Improvements Assessment | $796,435 |
| Land Assessment | $498,565 | Total Assessment | $1,295,000 |
PROPERTY TAXES
Parcel Number
22-27-16-23970-000-0010
Land Assessment
$498,565
Improvements Assessment
$796,435
Total Assessment
$1,295,000
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7-Eleven | 1290 E Lake Rd S
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