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Published on: Thursday, February 12, 2026
Updated on: Thursday, February 12, 2026
About the Lister
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Name: David J. Rosenthal
Company: Grimaldi Commercial Realty Corp.
Office Phone:  
Cell Phone: (813) 882-0884
Provide Your Service
Financing  Business  Material

  7.2% cap rate! new central florida shell (pure nnn 20-yea...

225 E North Blvd Leesburg Florida , 34748
225 E North Blvd Leesburg Florida                                                                                             , 34748  Grimaldi Commercial Realty Corp.
Listing ID: CL-Florida-27380 Gas Station/C-Store/Convenience Stores/Gas Station

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: Contact Lister
Quick Glance
Listing ID: CL-Florida-27380
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1953
Building Size: 1,344.00 SqFt
Lot Size: N/A
No of Stories: N/A
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Attached Documents
  • Download | Offering Memorandum.pdf ( 7,212.85KB)
Listing Summary
This is a rare opportunity to acquire a fully remodeled, 10-pump Shell gas station and signature "Go Market" convenience store.
Complete Details
Year Build: 1953
Building Size: 1,344
No of Stories: N/A
Total Lot Area: N/A Acre
No of Parking: N/A
No of Total Units: N/A
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: C
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description

 


Premier NNN Investment: Newly Remodeled Shell Station & "Go Market"

Location: Hard Corner on US-Hwy-441 | Leesburg, FL (Central Florida)

Executive Summary

This is a rare opportunity to acquire a fully remodeled, 10-pump Shell gas station and signature "Go Market" convenience store. Situated on a high-traffic hard corner of US-Hwy-441—one of Florida’s primary north-south arteries—this site benefits from massive daily traffic counts and a consistent, state-wide customer base.

The asset features a brand-new, 20-year absolute NNN lease to be signed at closing, offering a truly "hands-off" experience for local or out-of-state investors.


Lease & Yield Structure

The Absolute NNN structure ensures the tenant is responsible for all expenses, including taxes, insurance, and maintenance (CAM).

Period Annual Rent Projected CAP Rate
Years 1–5 $360,000 7.2%
Years 6–10 $396,000 ~8.0%
Years 11–15 $435,600 ~9.0%
Years 16–20 $479,160 10.5%+

Note: Lease includes two (2) five-year options to extend following the initial 20-year term.


Location Overview

Leesburg sits in the heart of Central Florida, just north of Orlando. The site’s position on US-Hwy-441 ensures it captures traffic flowing from Miami all the way to the northern border. This "main-on-main" location is a staple for daily commuters and long-distance travelers alike, guaranteeing the long-term viability of the fuel and retail operations.


 

Additional Properties
Property Highlights
  • NEW 10-PUMP SHELL GAS STATION WITH SIGNATURE "GO MARKET" C-STORE IN LEESBURG, FL
  • SITUATED ON A HARD CORNER DIRECTLY OFF OF USHWY 441, ONE OF THE LARGEST HIGHWAYS IN THE STATE!
  • HIGH TRAFFIC WITH MANY CENTRAL FL RESIDENTS PASSING BY EACH DAY COMMUTING TO ORLANDO OR OCALA!
  • NEW 20-YEAR PURE NNN LEASE WITH TWO 5-YEAR OPTIONS!
  • 10% RENTAL INCREASES EVERY 5 YEARS THROUGHOUT THE TERM OF THE LEASE!
  • 7.2% CAP RATE IN PLACE!
  • 8% CAP RATE IN 2030!
  • 9% CAP RATE IN 2035!
  • 9.6% CAP RATE IN 2040! 10.3% CAP RATE IN 2045!
  • RECENT SITE RENOVATIONS INCLUDE NEW HVAC, NEW SECURITY SYSTEM, NEW ROOF, NEW PUMPS, NEW CANOPY, PYLON SIGNAGE, INTERIOR AND EXTERIOR PAINT, AND A NEWLY RENOVATED INSIDE STORE WITH MANY INTERIOR UPDATES!
  • STRONG TENANT IN PLACE WITH OVER 36 YEARS OF GAS STATION OPERATION EXPERIENCE AND EXTREMELY STRONG FINANCIALS!
Features
  • Strong Initial Returns: Starting at a 7.2% CAP rate with a base rent of $360,000/year.
  • Built-in Appreciation: 10% rent increases every five years provide a hedge against inflation and a skyrocketing yield.
  • Elite Operator: The tenant is a seasoned professional with over 36 years of experience and a portfolio of 50+ successful locations across Florida.
  • Recent Capital Improvements: The property has been extensively renovated, including:
  • *** New Roof & HVAC systems.
  • *** Updated Pumps & New Canopy.
  • *** New Pylon Signage & Security System.
  • *** Complete interior/exterior paint and "Go Market" C-Store build-out.
  • *** Clean environmental reports.

Lending Opportunities

Interested in making an offer on this property or adding it to your portfolio? Our network of experienced lenders is ready to provide you with competitive loan options tailored to your needs. Whether you're an investor or a first-time buyer, securing financing is the key to turning this opportunity into reality. Don’t wait, reach out now to get pre-approved, explore your loan options, and take the next step with confidence!
Company Name Lender Type Contact Name Contact Number Actions
Easy Home Loans, LLC Mortgage Broker Ana M Gonzalez (786) 525-7126 Request Quote
Universe Financial Corp Mortgage Broker Melody Bejerano (305) 505-3053 Request Quote
Listing Location
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13851 7th Street , Dade City Florida                                                                                              33525
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307 N Westland Ave , Tampa Florida                                                                                              33606
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665 Babcock st & 660 S Apollo Blvd , Melbourne Florida                                                                                              32901
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5380 S John Young Parkway , Orlando Florida                                                                                              32839
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