49599 Highway 27 | Davenport, FL 33897
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- LoopNet Team
49599 Highway 27
Davenport, FL 33897
7-Eleven · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New Construction: 7-Eleven’s new prototype featuring a Laredo Taco and drive-thru car wash. Projected rent commencement and grand opening is June 9th
- Long-term Lease: 15-year initial term with (4) 5-year renewal options.
- Exponential Population Growth: 3-Mile Population Growth: 138%; 3-Mile Household Growth: 123% (2010-2021); Over 5,000 homes under development nearby.
- Investment-Grade Credit Tenant: 7-Eleven S&P Credit Rating A
- Scheduled Rent Increases: 10% rent increases every 5 years throughout initial term and renewal terms.
- High-Traffic Signalized Outparcel: 43,000 vehicles per day with ingress/egress to US-27, as well as cross access to the signalized intersection.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
4,634 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.82 AC
Zoning
Vacant Commercial
Parking
108 Spaces (23.31 Spaces per 1,000 SF Leased)
Frontage
279’ on U.S. 27
PROPERTY TAXES
| Parcel Number | 26-25-13-998012-000010 | Improvements Assessment | $938,520 |
| Land Assessment | $1,061,315 | Total Assessment | $1,999,835 |
PROPERTY TAXES
Parcel Number
26-25-13-998012-000010
Land Assessment
$1,061,315
Improvements Assessment
$938,520
Total Assessment
$1,999,835
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