8269-8271 Clarcona Ocoee Rd
Orlando, FL 32818
7-11 12 YR NNN - 6.25% Avg Return · Retail Property For Sale

Marcus & Millichap is pleased to exclusively offer a fee simple interest in this 7-Eleven gas station located in Orlando, Florida. This absolute triple net lease has more than 12 years remaining with attractive 10 percent increases in the base term and each of the two, five-year option periods. The lease is corporately guaranteed by 7-Eleven, Inc., an investment grade, rated AA- company by Standard & Poors. This NNN fee-simple offering is located at the signalized intersection of North Apopka Vineland and Clarcona Ocoee Road with combined traffic counts exceeding 46,000 Vehicles Per Day. In 2015, 7-Eleven agreed to extend the base term of the lease for an additional ten years, showing strong commitment to the site. An investor will benefit from a 10 percent increase which will occur in 2020, bringing the return up to a 6.05 Percent Cap Rate. This 7-Eleven is located on a large 1.02 Acre Parcel of Land and benefits from a population exceeding 207,000 People in a five mile radius. For investors that are tax oriented, this offering provides unique benefits. Unlike most 7-Eleven offerings, this offering is fee simple providing the potential for an accelerated depreciation schedule. Please speak to listing agents for details.