7.33% CAP RATE! MILLENIA ORLANDO SHELL STATION (PURE NNN 20-YEAR LEASE)

Listing Summary

Presenting a generational investment opportunity to acquire a fully remodeled, 8-pump Shell fueling station and a signature "Re-Up" convenience store located in the heart of Orlando, Florida.

Full Description

A Rare Absolute NNN Opportunity on Orlando’s Premier Commercial Corridor

Presenting a generational investment opportunity to acquire a fully remodeled, 8-pump Shell fueling station and a signature "Re-Up" convenience store located in the heart of Orlando, Florida. This high-performance site is strategically positioned on a commanding hard corner of South John Young Parkway—widely recognized as the most heavily trafficked thoroughfare in the entire Orlando metropolitan area. Serving as a prominent end-cap to the John Young’s Crossing Shopping Center, this property benefits from the massive consumer draw of the Millenia neighborhood and is situated just minutes from the world’s most famous tourist destinations, including Walt Disney World, Universal Studios, and the International Drive resort corridor.

Unrivaled Lease Structure and Tenant Strength

This investment is anchored by a brand-new, 20-year "Pure" Absolute NNN lease, scheduled for execution at the time of closing. This structure offers a truly "hands-off" experience for the owner, with the tenant assuming full responsibility for all property taxes, insurance, utilities, and maintenance (CAM), including the roof and structure.

The lease is backed by an elite operator with over 36 years of specialized experience in the Florida market and a robust portfolio of more than 50 successful locations. Furthermore, the lease is bolstered by a corporate guarantee and a long-term Shell fuel supply agreement, providing an unparalleled level of fiscal security for the next two decades and beyond.

Aggressive Yield Growth and Capital Appreciation

At a starting rental rate of $30,417 per month ($365,004 annually) beginning in 2025, the asset enters the market with a strong 7.33% in-place Cap Rate. Unlike flat-rate retail investments, this lease features a built-in 10% rent escalation every five years, ensuring a powerful hedge against inflation and a rapidly increasing yield:

• 2030 Projection: The yield surpasses an 8% Cap Rate.

• 2035 Projection: The yield climbs over a 9.1% Cap Rate.

• Final Lease Years: The yield is projected to exceed a 11% Cap Rate.

With two additional five-year options to extend, this property represents a long-term wealth-building vehicle with an average Cap Rate that significantly outperforms the current NNN market average.

Recent 2024/2025 Capital Improvements

The property has undergone a comprehensive, top-to-bottom renovation, ensuring zero deferred maintenance for the incoming buyer. These extensive upgrades not only enhance the visual "curb appeal" but also qualify the site for 100% Bonus Depreciation, offering a massive potential tax shield in the first year of ownership.

Recent renovations include:

• Structural: Brand-new roof and high-efficiency HVAC systems.

• Infrastructure: Modernized fueling pumps and a redesigned overhead canopy.

• Branding: New high-visibility pylon signage and fresh interior/exterior designer paint.

• C-Store: A total remodel of the "Re-Up" Food Mart, featuring a modern, high-traffic layout.

• Security & Compliance: New state-of-the-art security system and a clean Phase I environmental history.

Location Snapshot: The Heart of the Millenia Corridor

The site’s success is driven by its "Hard Corner" location on John Young Parkway, which captures a relentless stream of daily commuters, local residents, and the millions of tourists who traverse the Millenia neighborhood annually. Being an end-cap unit in a major shopping center ensures that the site remains a daily destination for both fuel and high-margin convenience items.

Complete Details

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