The Boulder Group, a national net lease investment brokerage firm, has completed the sale of a newly constructed single-tenant 7-Eleven convenience store in Sumterville, Florida, closing the transaction at $12.4 million.
The property is located at 2395 County Road 470 in Sumter County, an area experiencing rapid residential and commercial expansion due to its proximity to The Villages, currently recognized as the fastest-growing metropolitan statistical area in the United States. Positioned at the southwest corner of Highway 301 and County Road 470, the site benefits from strong visibility, high traffic volumes, and direct access to Interstate 75.
Designed to serve both local and regional traffic, the newly developed convenience store includes diesel fueling lanes aimed at capturing heavy truck traffic traveling along I-75 and Highway 301. Continued growth in the surrounding area has been driven by national and regional developers responding to population and economic expansion in central Florida.
Jimmy Goodman and John Feeney of The Boulder Group represented the buyer in the transaction. The seller was a Florida-based developer, while the buyer was a Midwest-based investor, reflecting ongoing investor demand for stabilized net lease assets in high-growth Sun Belt markets.
The 7-Eleven property sits on 3.95 acres and is leased on an absolute triple-net basis, providing a passive investment structure. The lease features a 15-year base term with 10% rental increases every five years, including throughout the four additional five-year option periods.
7-Eleven remains one of the strongest tenants in the net lease sector, holding an investment-grade “A” credit rating from Standard & Poor’s. The company operates more than 85,000 locations across 20 countries and was founded in 1927, making it the world’s largest convenience retailer and a consistent top-10 franchise brand.
“Newly developed properties leased to investment-grade tenants in high-growth markets like The Villages continue to generate strong investor demand,” said Jimmy Goodman of The Boulder Group.
John Feeney of The Boulder Group added, “This transaction reflects the depth of demand from private capital buyers seeking assets that benefit from 100% bonus depreciation.”
The transaction highlights continued momentum in the single-tenant net lease market, particularly for new construction assets backed by essential-use tenants and long-term lease structures in growth-oriented regions of Florida.
Founded in 1997, The Boulder Group specializes in single-tenant net lease real estate, offering brokerage, advisory, and financing services nationwide. The firm has completed more than $9 billion in transactions and has ranked among the top 10 firms nationally for single-tenant retail deals from 2013 through 2024, according to Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago and maintains an additional office in Denver.
Originally reported by ABNewswire in Open PR.
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