7-Eleven Gotha, Florida

Cap Rate: 4.85%
Closed Single-Tenant
Property type: Single-Tenant Net Lease

Property Details

Cap Rate: 4.85%
Price: $5,670,000
Rentable SF: 3,010 SF
Annual Rent: $275,000
Rent PSF: $91.36
Land Area: 1.01 Acres
Year Built: 2018
Lease Type: NNN
Lease Term: 15 Years
Option Periods: 4, 5-Year Options
Rental Increases: 7.5% Every 5 Years
Lease Expiration: 6/30/2033 est

3860 Old Winter Garden Road
Orlando, Florida 34734

Investment Highlights

  • New, 15-Year, Absolute NNN Lease
  • Four, Five-Year Renewal Options with 7.5 Percent Increases Every Five Years
  • Brand New Location, Currently Under Construction; Opens in Summer 2018
  • Surrounding Retailers Include Lowes, Walmart, Publix, JCPenney, Best Buy, Michael’s and Many More
  • Potential Opportunity to Achieve Accelerated Depreciation Using Cost Segregation


Investment Overview

The 7-Eleven located at 3860 Old Winter Garden Road in Orlando, has a new, 15-year, corporate guaranteed, absolute triple net lease. There is the potential to shelter income for many years via use of accelerated depreciation as part of a cost segregation strategy. There are four, five-year renewal options and 7.5 percent increases every five years throughout the base term and option periods. This is a brand new location; construction completed in 2018.

The subject property is located directly across the street from hospital expansion, which is currently under construction. This 7-Eleven is located on Old Winter Garden Road, with a traffic count of 25,000 vehicles per day. The subject property is within close proximity to West Colonial Drive, which has a traffic count of 49,000 vehicles per day, and Florida’s Turnpike, with a traffic count of 128,000 vehicles per day. Surrounding Retailers Include Lowes, Walmart Supercenter, Publix, JCPenney, Best Buy, Michael’s, Staples and many more.

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