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7-Eleven 3141 Ronald Reagan Pky 3,000 SF 100% Leased Retail Building Davenport, FL 33896 $4,720,000 ($1,573.33/SF) 5.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Lease: Lease signed by 7-Eleven, Inc., an investment-grade tenant with a strong national brand and over 13,000 U.S. stores
- 2018 Construction: Modern convenience store and fueling facility, reducing near-term capital expenditure risk
- High-Growth Corridor: Ronald Reagan Parkway is a rapidly developing arterial in Polk County, connecting to U.S. 27 and I-4
- Absolute NNN Lease Structure: Provides Zero landlord maintenance or expense responsibilities for investors
- Long-Term Lease: 8+ years base term with four renewal options and increases every 5 years, ensuring stable income stream
- Bonus Depreciation: May allow investors to accelerate deductions and improve after-tax returns (consult your tax professional)
EXECUTIVE SUMMARY
The subject property is an absolute NNN corporate store, with increases, at a signalized intersection (32,530 VPD combined), surrounded by new residential and commercial development. 7-Eleven in Davenport serves locals and tourists visiting Disney World, Universal, SeaWorld, and other theme parks.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Building Class
C
Year Built
2018
Price
$4,720,000
Price Per SF
$1,573.33
Cap Rate
5.35%
NOI
$252,384
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.04
Lot Size
1.96 AC
Parking
25 Spaces (8.33 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 27-26-03-701061-000010 | Improvements Assessment | $735,887 |
| Land Assessment | $641,243 | Total Assessment | $1,377,130 |
PROPERTY TAXES
Parcel Number
27-26-03-701061-000010
Land Assessment
$641,243
Improvements Assessment
$735,887
Total Assessment
$1,377,130
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7-Eleven | 3141 Ronald Reagan Pky
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