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1290 E Lake Rd S, Tarpon Springs, FL, 34688

7-Eleven
$4,919,400

Key Information

Cap Rate
4.75%
Tot. SF
2,940
Lot Size
1.01 Acres
$ per unit
$4,919,400
Year Built
2000
Term Remaining
±10 YRS
Type
Retail
NOI
$233,673

Highlights

  • Top Performing Store Nationwide (Per AlphaMaps): Ranked in the 99th percentile nationally for customer foot traffic, placing this location among the highest-performing 7-Eleven stores in the country.
  • Absolute NNN Lease: Structured as an absolute NNN lease, providing 100% passive income with zero landlord responsibilities.
  • Strong Site Commitment: 7-Eleven recently executed a 10-year lease extension, underscoring long-term commitment to this location.
  • Investment Grade Credit: 7-Eleven carries an “A-” credit rating from Standard & Poor’s, offering exceptional income security.
  • Bonus Depreciation Eligible: Gas stations qualify for bonus depreciation which allows you to write off the majority of the purchase in year one – consult a CPA to further discuss.
  • Attractive Rental Growth: The lease includes 10% rent increases every five (5) years (including options), providing a strong hedge against inflation.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203