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7-Eleven, Inc. 2811 Joleen Dr 4,750 SF Retail Building Eustis, FL 32726 $8,065,000 ($1,697.89/SF) 5.36% Cap Rate
Investment Highlights
- New 15-year absolute NNN lease, corporately backed by over 9,500 U.S. locations, offering investors a secure, long-term income stream
- Tenant covers all taxes, insurance, maintenance, roof, structure, and parking lot, providing a fully passive investment
- 10% rental increases every five years across the initial term and three (3) five-year options ensure consistent income growth.
Executive Summary
Positioned at Hwy 44 and E Orange Ave in Eustis, FL, the property benefits from 12,900 AADT on E Orange Ave and 7,917 AADT on Hwy 44. Nearby retailers like Winn-Dixie (0.5 miles) and Dollar General draw consistent shoppers from a five-mile population of 68,125. Its Orlando MSA location ensures access to a vibrant, growing market. The 15-year absolute NNN lease with 7-Eleven, Inc., starting in 2025, shifts all expenses—taxes, insurance, maintenance, roof, structure, and parking lot—to the tenant. With 10% rent increases every five years and three (3) five-year options, the lease delivers secure income through 2040 and beyond.
This structure offers investors a low-maintenance, high-yield opportunity: The integrated car wash diversifies the property’s appeal, attracting additional customers beyond traditional c-store patrons. This feature complements 7-Eleven’s high-traffic model, with 42.2% of one-mile adults buying gas at c-stores monthly. The car wash strengthens the site’s position as a multi-faceted retail destination. 7% of one-mile adults shopped at a c-store in the past six months (MPI 103), with 23.8% spending $100+ monthly (MPI 101). The five-mile population of 68,125, up 33.7% since 2010, ensures steady traffic. The one-mile average household income of $102,377 supports frequent convenience purchases.
Completed in 2025, the 4,750 SF building on a 2.00-acre lot meets 7-Eleven’s modern standards, offering a fresh, customer-friendly design. The new construction minimizes near-term maintenance, boosting investor returns. Its layout supports high customer volume, ideal for Eustis’s expanding market.
The one-mile average household income of $102,377 is projected to reach $118,411 by 2029, reflecting strong purchasing power. The five-mile population is expected to grow 4.6% to 71,246, with average household income rising 16.7% to $106,865. These trends ensure the property’s long-term stability and growth potential.
This structure offers investors a low-maintenance, high-yield opportunity: The integrated car wash diversifies the property’s appeal, attracting additional customers beyond traditional c-store patrons. This feature complements 7-Eleven’s high-traffic model, with 42.2% of one-mile adults buying gas at c-stores monthly. The car wash strengthens the site’s position as a multi-faceted retail destination. 7% of one-mile adults shopped at a c-store in the past six months (MPI 103), with 23.8% spending $100+ monthly (MPI 101). The five-mile population of 68,125, up 33.7% since 2010, ensures steady traffic. The one-mile average household income of $102,377 supports frequent convenience purchases.
Completed in 2025, the 4,750 SF building on a 2.00-acre lot meets 7-Eleven’s modern standards, offering a fresh, customer-friendly design. The new construction minimizes near-term maintenance, boosting investor returns. Its layout supports high customer volume, ideal for Eustis’s expanding market.
The one-mile average household income of $102,377 is projected to reach $118,411 by 2029, reflecting strong purchasing power. The five-mile population is expected to grow 4.6% to 71,246, with average household income rising 16.7% to $106,865. These trends ensure the property’s long-term stability and growth potential.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,750 SF
Building Class
B
Year Built
2025
Price
$8,065,000
Price Per SF
$1,697.89
Cap Rate
5.36%
NOI
$431,931
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
3.54 AC
Zoning
R6
Parking
49 Spaces (10.32 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 07-19-27-0002-000-03400 | Improvements Assessment | $0 |
| Land Assessment | $521,805 | Total Assessment | $521,805 |
Property Taxes
Parcel Number
07-19-27-0002-000-03400
Land Assessment
$521,805
Improvements Assessment
$0
Total Assessment
$521,805
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7-Eleven, Inc. | 2811 Joleen Dr
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