Investment Overview

Marcus & Millichap is pleased to present for sale this freestanding, singletenant 7-Eleven located in Wildwood, Florida. Wildwood is in Sumter County located 51 miles northwest of Orlando, and 75 miles northeast of Tampa. The fee simple lease, backed by 7-Eleven Corporate, will have a 15-year lease with 10 percent increases in rent every five years and four, five-year options to extend with an expected rent commencement date of October 2024. This is an ideal passive investment opportunity with zero landlord responsibilities being offered at a 5.00 percent capitalization rate. The subject property consists of a 4,650 square foot retail space and a single-row canopy with eight dispensers (16 fueling stations) with ample parking on a large 2.2-acre parcel. It is strategically located at the signalized four-way intersection of East County Road 462 and US North 301 with a combined traffic count of 28,000 vehicles per day. Located across the street from a soon to be developed, 74-acre mixed use development, Twisted Oaks Pointe which features 736 single-family homes, 224 townhomes, 300 apartments and 162,000 square feet of commercial space, this property benefits from the 83,543 residents within a 5-mile radius with an average household income exceeding $89,874. Population growth expectation of 17 percent in the immediate are by 2028. Wildwood borders The Villages which has held the number one ranking for fastest growing community in the nation for nine of the last ten years. The area is expected to continue to grow at record rates with a 47 percent increase in a one-mile radius, 31 percent within a three-mile radius and 27 percent growth in a five-mile radius of the subject property by 2025. 7-Eleven was founded in 1927 and today 7-Eleven is a global brand with more than 84,000 locations across 20 countries. 7-Eleven, Inc. now operates a family of banners and brands including Speedway, Stripes, Laredo Taco Company and Raise the Roost Chicken and Biscuits. 7-Eleven is the world’s largest convenience retailer and helped pioneer the franchise model and is now consistently ranked as a Top-10 Franchisor.