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Available For Sale - Retail

3,454 SF | Show Pricing $

AVAILABILITY DETAILS

Size
3,454 SF
Price/SF
Show Pricing $
Listing ID
SA434360
Notes
Marcus & Millichap is pleased to present the opportunity to acquire a 7-Eleven convenience store and gas station located in Kissimmee, Florida in the Orlando MSA. This is a brand-new location which is currently under construction and scheduled to open Spring 2021. This new, 15-year, absolute triple net ground lease offers four, five-year renewal options with 10 percent rent increases every five years throughout the base term and option periods.



Located in Kissimmee, Florida, this area has very strong demographics with a population over 200,000 within five miles of the subject property. This 7-Eleven will be located off Orange Avenue which connects it to Osceola Parkway, a major roadway that runs through the area and has a daily traffic count of more than 53,000 vehicles. The property is within minutes of The Loop, an outdoor mall with tenants including a Regal Movie Theater, and numerous shops and restaurants. The Loop is a major shopping destination in Kissimmee.



The subject property is also within walking distance to Tupperware SunRail Train Station, which will give residents and visitors to the area direct access to Walt Disney World. This area is also home to 1,700 midrise units which include mixed-use, retail and residential communities. Significant nearby developments and multi-family housing communities are in planning stages. Many will be under construction by 2021, boosting the population growth in the area.



Part of the Orlando metro area, the subject property is 11 miles from Walt Disney World, and 10 miles from SeaWorld Orlando. The Orlando area is one of the largest and fastest growing areas in Florida and has a population of more than 2.4 million residents. Orlando is one of the nation’s most popular tourist destinations with roughly 72 million visitors annually.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Barry Wolfe, Wolfe-Lipsky Retail Group of Marcus & Millichap