Stan Johnson Company Brokers Newly Built 7-Eleven Near Tampa, Florida for $5.4 Million

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Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a 7-Eleven convenience store and gas station located at 4230 Land O’Lakes Boulevard in Land O’Lakes, Florida. The 4,088-square-foot property was purchased for approximately $5.4 million by a 1031 exchange buyer represented by Tom Georges of Stan Johnson Company. The seller was an Ohio-based developer.

“I worked with a 1031 exchange investor who was attracted to the security of a brand new 7-Eleven in the northern suburbs of Tampa,” said Georges, Director in Stan Johnson Company’s New York office. “The lease features 10 percent rent increases every five years and accelerated depreciation.”

The property was constructed in late 2021 on 0.58 acres. The site, which is located 20 miles north of downtown Tampa, fronts U.S. Highway 41 with visibility from more than 59,000 vehicles per day. The property is situated at a signalized intersection, and the area boasts excellent population growth, with more than 3.0 percent annual growth since 2010 and projected population increases of more than 4.0 percent over the next five years.

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About Stan Johnson Company:

Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. The firm and its affiliates provide acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States. With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients. The firm has completed more than $45 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services.