7-Eleven NNN Properties for Sale in Florida
7-Eleven spent the last decade becoming the largest single counterparty in American convenience retail real estate, buying roughly a thousand stores from Sunoco in 2018 and 3,800 Speedway locations from Marathon Petroleum for $21 billion in 2021. If you are looking at c-store net lease in the United States, this is the tenant you will encounter most.
Scale is exactly why the lease documents deserve reading rather than skimming. A logo that appears on tens of thousands of storefronts sits above corporate stores, franchised stores and acquired networks on legacy paper, and the entity that signed your lease — not the one on the sign — is the one that owes you rent.
7-Eleven is a trademark of its owner. STAX Real Estate is an independent brokerage and is not affiliated with, endorsed by, or acting as an agent of 7-Eleven.
7-Eleven Inventory
No 7-Eleven site is publicly listed with us at this moment. Inventory turns over, and a large share of what we transact never reaches a public marketplace at all — owners are reluctant to signal an exit to staff, suppliers and competitors. Tell us what you are looking for and we will work it directly.
How a 7-Eleven Net Lease Is Underwritten
Read who signed, not what the sign says
7-Eleven operates corporate stores and franchises others, and the acquisitions of the Sunoco and Speedway networks brought in leases written by other companies under other conventions. Corporate guarantee, subsidiary obligation and franchisee covenant are three different credits behind identical signage. Confirm the signing entity and any guarantee before you accept a cap rate as comparable.
Term, escalations and options are the whole return
On a corporate net lease the income is contractual, so the contract is the asset: years remaining, the size and frequency of rent bumps, how many options exist and at what rent, and whether the tenant can go dark or assign. A long term with flat rent is a bond that loses to inflation; escalations are what keep it real.
Fuel changes the underwriting
Many of these sites sell fuel, which brings tanks, environmental exposure and a set of shorter-lived improvements into a deal that otherwise looks like passive real estate. Who owns and is responsible for the tanks, who carries the environmental obligation, and what happens at lease end are questions with real dollars behind them. They are answered in the documents, not by the brand.
How a corporate c-store lease actually works
You buy rent, not gallons
Fuel margin, inside sales and labor belong to the tenant. Your return is contractual, so the contract — term, escalations, options, guarantee — is the asset you are actually pricing.
Ground lease or building lease
Who owns the improvements changes the depreciation, the residual and what happens at expiry. Two properties at the same cap rate can be very different investments on this one distinction.
Fuel brings tanks with it
Underground storage tanks, environmental responsibility and shorter-lived improvements enter a deal that otherwise looks passive. Who carries each obligation is answered in the documents, not by the logo.
Florida markets we cover
Florida is not one market. The same 7-Eleven site economics produce very different values in a bridge-constrained Pinellas corridor and an entitlement-constrained Miami-Dade one. Each market page covers what actually drives volume there.
7-Eleven FAQ
Who owns 7-Eleven?
Seven & i Holdings, a Japanese company headquartered in Tokyo. Its US arm acquired roughly a thousand convenience stores from Sunoco LP in 2018 and the 3,800-store Speedway chain from Marathon Petroleum for $21 billion in 2021, which together make it the dominant counterparty in US convenience store net lease.
Is every 7-Eleven lease corporate?
No, and the assumption is expensive. 7-Eleven both operates and franchises, and the acquired Sunoco and Speedway networks carry leases drafted by other companies. The tenant entity on your lease and any parent guarantee determine the credit you are buying. Two identical-looking 7-Eleven properties can deserve genuinely different cap rates for this reason alone.
Can I 1031 exchange into a 7-Eleven property?
Investment real estate held for productive use generally qualifies for like-kind exchange treatment, which is why single-tenant net lease is a common landing spot for exchange proceeds — passive, identifiable and closeable on a schedule. The constraint is usually the calendar, not the asset. Identify replacement property early and confirm the specifics with your qualified intermediary and CPA.
Buying or selling a 7-Eleven site?
250+ properties sold and leased, $525M+ in volume, by a broker who ran a dozen locations as CEO before ever writing a listing agreement. Tell us what you're trying to accomplish.