7-Eleven NNN Properties for Sale in Florida
7-Eleven operates approximately 13,000 US convenience stores (many with gasoline) under the 7-Eleven, Speedway (acquired 2021), and Stripes brands. Owned by Seven & i Holdings (Japanese parent), 7-Eleven is the largest convenience store chain in the US. 7-Eleven NNN properties trade on a combination of corporate credit strength, 15-20 year lease terms, and prime corner retail real estate.
Typical Cap Rate
5.00% - 5.75%
Lease Term
15 - 20 years
Price Range
$1.5M - $5M+
Building Size
1,000 - 2,500 SF (without fuel) / 3,000-5,000 SF (with fuel)
Lot Size
0.80 - 1.00 acres
Credit Rating
Private (strong)
Investment Highlights
- Largest convenience store chain in America
- Strong private parent company (Seven & i Holdings)
- 15-20 year corporate lease terms
- Prime corner intersection locations
- Fuel income for locations with gas pumps
- Active BTS and acquisition program
Lease Structure
7-Eleven leases are typically NNN (not always absolute NNN) with 15-20 year initial terms and 5-year renewal options. Rent increases commonly 7.5-10% every 5 years. Corporate guarantee from 7-Eleven, Inc. Properties with gasoline may have different structures due to environmental liability.
7-Eleven Tenant Profile
7-Eleven, Inc. is owned by Japanese Seven & i Holdings (TSE: 3382) with $55B+ in annual revenue. The 2021 Speedway acquisition added ~3,900 fuel stations to the portfolio. The company continues expanding via acquisition and BTS in the US. Corporate credit is private but treated as strong due to parent company strength.
7-Eleven in Florida
7-Eleven has 350+ Florida locations. The brand is concentrated in major metros — Miami, Orlando, Tampa, Jacksonville — with limited rural coverage. Strong corner locations in growth markets trade at 5-5.5% cap rates. Locations with fuel and food service trade tighter.
Why Buy 7-Eleven
- +Largest US convenience store brand with strong Florida presence
- +Strong parent company backing
- +Long-term lease commitments on prime corner real estate
- +Stable convenience store business model
- +Active expansion creates inventory
Considerations
- •Environmental liability on locations with fuel (Phase I ESA critical)
- •Verify corporate vs. franchisee guarantee
- •Private company = less financial transparency
- •Some leases are NN not absolute NNN
Related Convenience Store Tenants
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