New Orlando 7-Eleven store sold for $7.5M
JLL Capital Markets completed the sale of the property along Universal Boulevard in the Tourist Corridor
ORLANDO, July 21, 2020 – JLL Capital Markets announced today that it has closed the $7.5 million sale of a newly constructed, 3,010-square-foot, single-tenant retail building ground leased to 7-Eleven within one of the country’s top hospitality and retail corridors in Orlando, Florida.
JLL marketed the property on behalf of the seller, Destination Shoppes LP, and procured the buyer, SRE Holdings, LLC.
With more than 70,000 stores serving 18 countries, 7-Eleven, Inc. (S&P: AA-) is the world’s largest store chain in the convenience retailing industry. The building, which includes gasoline pumps, was completed in 2020 and has 15 years remaining on its lease. The property is situated on 1.05 acre at 9725 Universal Blvd. in the heart of Orlando’s highly sought-after Tourist Corridor. The property has a growing and built-in customer base of more than 36,600 residents within a three-mile radius and is proximate to Universal Studio Orlando’s newest theme park, Epic Universe.
The JLL Capital Markets team that represented the seller was led by Senior Director John Krzyminski and Analyst Max Krzyminski. John and Max Krzyminski specialize in investment advisory and sales in the Tourist Corridors, especially the International Drive market.
“The phenomenal trophy location is in a high-growth area exploding with more than $2 billion in projected and approved developments,” John Krzyminski said. “The Kirkman Road Extension from Universal Boulevard to Carrier Drive will provide another north-south corridor to improve residential and commercial mobility that will increase traffic and accessibility to the 7-Eleven.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 94,000 as of March 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.