Net Leased 7-Eleven Sold in Florida Date May 5, 2026
The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased 7-Eleven convenience store located at 1690 Hinson Ave E in Haines City, Florida for $3,000,000. The property is situated at a hard corner signalized intersection along US Highway 17-92 in Polk County, Florida, within the Lakeland-Winter Haven MSA.
The 7-Eleven at 1690 Hinson Ave E in Haines City, Florida occupies a hard corner position at the signalized intersection of Hinson Avenue East and US Highway 17-92. US Highway 17-92 carries approximately 25,000 vehicles per day past the property. Haines City is centrally located between Tampa and Orlando along the Interstate 4 corridor in Polk County, Florida. The property is approximately 12 miles from Legoland Florida Resort and approximately 20 miles from Walt Disney World Resort. Balmoral Resort, a $110 million residential development on 115 acres featuring 245 single-family homes and a new sports complex, is located 1.5 miles from the 7-Eleven. The population within three miles of the property is approximately 45,248 residents and is projected to grow by approximately 14% through 2031. The population within five miles totals approximately 82,469 residents. The average household income within three miles is approximately $82,990. The median household income within five miles is approximately $68,466. Major area employers include Advent Health with 2,349 employees, Polk County Schools with 818 employees, ALDI with 730 employees, Walmart, Sofidel America Corp, and Publix Super Market. Nearby schools include Boone Middle School, Jenkins Middle School, and Haines City High School. Florida is a no-state-income-tax state, which enhances net investment returns for property owners.
Randy Blankstein, Jimmy Goodman and John Feeney of The Boulder Group represented the buyer in the transaction. The seller was a Florida based investor. The buyer was a repeat 1031 exchange 7-Eleven buyer who identified the Haines City, Florida property as a replacement asset.
The 7-Eleven at 1690 Hinson Ave E in Haines City, Florida is leased on a corporate absolute NNN (triple net) basis to 7-Eleven, Inc. The lease expires on March 31, 2035, leaving approximately 9 years of remaining term. The tenant holds four five-year renewal options extending the potential lease term through 2055. Rental increases of 10% occur every five years throughout the base term and renewal option periods. The current annual rent is $155,790. Under the absolute NNN lease structure, the tenant is responsible for all property expenses including roof, structure, parking, property taxes, and insurance, leaving the landlord with zero management responsibilities. The property is held in fee simple and qualifies for bonus depreciation.
7-Eleven, Inc. is headquartered in Dallas, Texas and was established in 1927. The company operates the largest convenience store chain in the world, with more than 85,000 locations across 20 countries. Approximately 15,000 of those stores are located in the United States and Canada. 7-Eleven serves approximately 64 million customers per day globally and more than 7 million customers per day in North America alone. The company offers a broad range of fresh food, beverages, and everyday convenience products. 7-Eleven, Inc. carries an investment-grade credit rating. The company generates annual revenue of approximately $81 billion.
“Net leased convenience stores backed by investment-grade tenants continue to attract significant investor demand, particularly in high-growth Florida markets where favorable tax treatment enhances after-tax returns,” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “This 7-Eleven in Haines City suited the 1031 exchange buyer due to the absolute NNN lease structure with zero landlord responsibilities, built-in 10% rental escalations, and the property’s positioning at a signalized hard corner intersection carrying 25,000 vehicles per day along US Highway 17-92.” John Feeney, Senior Vice President of The Boulder Group, noted, “The buyer, a repeat 1031 exchange investor, was attracted to the combination of bonus depreciation eligibility, the passive income stream from the absolute NNN lease, and the strong population growth projections exceeding 14% through 2031 within the Haines City trade area.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $11 billion of single tenant net lease real estate transactions. From 2013–2025, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both CoStar and MSCI Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.
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