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7-Eleven - Palmetto, Florida - NNN 4920 Moccasin Wallow Rd 3,109 SF Retail Building Palmetto, FL 34221 $3,300,000 ($1,061.43/SF) 4.80% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate absolute NNN lease with no landlord responsibilities
- Rapid population growth in the immediate trade area (+21.3% within 1 mile)
- Surrounded by strong national retailers supporting long-term demand
- Located at a high-visibility corner with immediate access to I-75 (61,000 VPD)
- Part of the 1,065-acre Gateway North mixed-use development
EXECUTIVE SUMMARY
Market & Demographics The surrounding trade area has undergone significant growth in recent years. Within a one-mile radius, the population has increased by 21.3%, driven by robust residential and commercial development. Palmetto itself is strategically located 14 miles north of Sarasota and 30 miles south of Tampa, providing direct connectivity to two major Florida markets.
Gateway North Development The subject property is part of Phase I of Gateway North, a 1,065-acre mixed use master-planned project that will transform the immediate area. Upon completion, Gateway North will feature:
• 1,685 single-family homes
• 722 multifamily units
• 393 townhomes
• 445,200 square feet of retail
• 965,500 square feet of office
• 397,500 square feet of warehouse/industrial This large-scale development is expected to serve as a long-term growth catalyst, supporting both population expansion and increased consumer spending in the trade area.
Retail Synergy The property benefits from strong retail adjacencies, with notable national tenants within three miles including Walmart, Walgreens, CVS, AutoZone, O’Reilly Auto Parts, ACE Hardware, McDonald’s, Burger King, Whataburger, Sonic, Panda Express, Wingstop, Pizza Hut, and others. This concentration of established retailers enhances the long-term viability of the location.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
- -
- Triple Net
- Dec 2033
In 1927, 7-Eleven showed the world just how convenient shopping could be – and they’ve been doing it every day since. Today, 7-Eleven is a global brand with more stores than any other retailer in the world. 7-Eleven, Inc. now operates a robust family of banners and brands, including Speedway®, Stripes®, Laredo Taco Company® and Raise the Roost® Chicken and Biscuits locations throughout the U.S. The brand also has a history of firsts — coffee in to-go cups, 24/7 hours and self-serve soda fountains, to name a few. Not to mention iconic products – like Slurpee® and Big Gulp® drinks – that have become a part of American culture. As the world’s largest convenience retailer, 7-Eleven also helped pioneer the Franchise model and is now consistently ranked as a top-10 Franchisor – a true testament to their entrepreneurial spirit. Although they’ve grown significantly over the years, they remain focused on innovating to meet customers' needs.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | - | Triple Net | Dec 2033 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 6109-0070-9 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,217,110 |
PROPERTY TAXES
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7-Eleven - Palmetto, Florida - NNN | 4920 Moccasin Wallow Rd
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