7-Eleven

Purchase Price$7,520,000
Annual Rental Income$376,000
Cap Rate5%
Lease Term15 Years
CitySt Augustine MSA
Tenant: 7-Eleven
Sector: Gas Station
State: Florida

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7-Eleven Net Lease Investment Opportunity
St. Augustine, FL MSA
15-Year Absolute Triple Net Lease | A-Rated Corporate Guarantee | Hard-Corner Location

This offering presents a premier opportunity to acquire a newly constructed 7-Eleven convenience store and fueling station in the highly desirable St. Augustine, Florida Metropolitan Statistical Area. Featuring a brand-new 15-year absolute triple net (NNN) lease guaranteed by 7-Eleven, Inc., this investment delivers secure, long-term income from one of the most creditworthy tenants in the net lease market. With a hard-corner location along a high-traffic corridor in a booming residential and retail trade area, the property is positioned for exceptional performance and long-term value.

Location and Market Overview
St. Augustine, located in St. Johns County, is one of the fastest-growing markets in Florida and the United States. With its historic charm, strong tourism base, and proximity to Jacksonville, the area benefits from a consistent influx of new residents and visitors. St. Johns County has consistently ranked among the top counties in the nation for population and household income growth, fueled by high-quality schools, a thriving job market, and expanding residential development.

The subject property enjoys a prime hard-corner placement on a major arterial roadway with daily traffic counts exceeding 42,000 vehicles. The location provides excellent visibility, strong ingress and egress, and proximity to dense residential communities, retail centers, and schools. Its placement within a thriving retail corridor ensures strong daily consumer traffic.

Demographics
The property is supported by highly attractive demographics. Within a three-mile radius, the population exceeds 64,000 residents with average household incomes above $112,000. Expanding to five miles, the population grows to more than 138,000 residents, reflecting the affluence and density of the St. Augustine market. This affluent and growing customer base aligns perfectly with 7-Eleven’s convenience retail model.

Property Details
The property consists of a freestanding 7-Eleven convenience store and fueling station totaling approximately 4,600 square feet on a 1.5-acre parcel. Built to 7-Eleven’s most modern prototype standards, the store features an attractive design, multiple fueling stations under a high-visibility canopy, and a contemporary interior layout optimized for high-volume food, beverage, and convenience sales.

The site provides ample parking, excellent ingress and egress, and strong street visibility from both directions.

Lease Structure and Tenant Guarantee
The property is secured under a brand-new 15-year absolute triple net (NNN) lease with 7-Eleven, Inc., a wholly owned subsidiary of Seven & i Holdings Co., Ltd.

Under the absolute NNN lease, 7-Eleven is responsible for all property expenses including real estate taxes, insurance, and maintenance, ensuring a truly passive investment. The lease includes 10% rental increases every five years, providing ownership with predictable income growth over the long term.

7-Eleven operates, franchises, and licenses more than 13,000 stores across the United States and over 83,000 globally. Backed by an A-rated corporate guarantee, 7-Eleven remains one of the most secure and desirable tenants in the net lease sector.

Surrounding Area and Trade Drivers
St. Augustine benefits from a powerful combination of tourism, strong residential growth, and a diversifying economy. The property’s location near growing residential developments, grocery-anchored centers, healthcare facilities, and major roadways ensures steady demand. St. Johns County continues to attract affluent families and retirees, driving demand for convenience retail and fueling stations.

Investment Highlights

  • 15-year absolute triple net (NNN) lease with 7-Eleven, Inc.
  • Fee simple ownership of a 1.5-acre parcel with a modern 4,600-square-foot prototype store and fueling station.
  • Tenant responsible for all expenses, ensuring a completely passive investment.
  • Scheduled 10% rental increases every five years, delivering income growth throughout the lease term.
  • A-rated corporate guarantee from 7-Eleven, one of the strongest convenience retail brands worldwide.
  • Prime hard-corner location with daily traffic counts exceeding 42,000 vehicles.
  • Strong demographics: over 64,000 residents within three miles and more than 138,000 within five miles, with average household incomes above $112,000.
  • Located in St. Johns County, one of the fastest-growing and most affluent counties in the nation.
  • Ideal for 1031 exchange buyers, REITs, family offices, and institutional investors.

Buyer Profile and Financing
This property is ideally suited for 1031 exchange buyers, REITs, private equity firms, and institutional investors seeking secure, long-term net lease income. The combination of a corporate-backed 15-year lease, fee simple ownership, and outstanding real estate fundamentals provides excellent lender confidence and highly favorable financing terms.

Conclusion
This 7-Eleven in the St. Augustine, FL MSA represents a premier net lease investment. Featuring a brand-new 15-year absolute NNN lease with an A-rated corporate guarantee, rental escalations, and a prime hard-corner location in one of the nation’s fastest-growing and most affluent markets, the property provides secure, predictable income with long-term appreciation potential.

Qualified investors are encouraged to request the offering memorandum, lease abstract, and financial details.

Property details provided on this site are for general informational and illustrative purposes only. Specific availability and property status may change without notice. Please contact us to confirm current opportunities.