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Virtual Drive-By

SUNOCO Absolute NNN

4403 Del Prado Blvd S · Cape Coral, FL 33904 · Convenience / Fuel

Asking price
$3,825,000
Cap rate
8.00%
NOI
$303,240

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Lease

Lease typeAbsolute NNN
Term remaining20.0 yrs
Expiration
Rent bumps10%
Options2- 5 YEAR OPTIONS
Ground leaseNo
Credit profileCorporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF2,900
Price / SF$1,319
Year built1968
Lot size0.46 ac
TypeConvenience Store, Gas Station, Storefront
Days on market102

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​New 4-Pump Sunoco Gas Station With Signature "A+ Plus" C-Store In Cape Coral, Fl.
  • ​The Site Sits In The Heart Of Downtown Cape Coral, Just Minutes From Publix Supermarket, Walmart Supercenter, And Much More!
  • ​100% Bonus Depreciation Available!
  • ​New 20-Year Pure Nnn Lease With Two 5-Year Options!
  • ​10% Rental Increases Every 5 Years Throughout The Term Of The Lease!
  • ​8% Cap Rate In Place!
  • ​9% Cap Rate In 2031!
  • ​9.6% Cap Rate In 2036!
  • ​10.2% Cap Rate In 2041!
  • ​11.3% Cap Rate In 2046!
  • ​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 "A +Plus" Inside Store With Many Interior Updates!
  • ​Strong Tenant In Place With Over 36 Years Of Gas Station Operation Experience And Extremely Strong Financials!

Property overview

This Fully Remodeled, 4-Pump Sunoco Gas Station With A Signature "A+ Plus” Cstore Is Located In Beautiful Cape Coral, Fl! The Site Sits Directly On Del Prado Blvd S, One Of The Largest Roads In All Of Cape Coral.​ Del Prado Blvd Connects Downtown Cape Coral To Interstate I-75.​ Del Prado Blvd Has An (Aadt: 51,000), And This Site Sits In Close Proximity To Walmart, Publix Supermarket, Dominos Pizza, And Many Other National Retailers, Creating Large Amounts Of Daily Traffic! This Property Is Eligible For 100% Bonus Depreciation!

This One-Of-A-Kind Investment Opportunity Comes With A 4-Pump Station, A Fully Remodeled "A+ Plus" Food Mart, A New (20-Year) Lease (W/ (2) - 5 Year Options), & Strong Historic Sales.​ The Current Operator Has Been In The Business For Over 36 Years! They Have Over 68 Locations And Have An Impressive Track Record For Operating Sucessfull Gas Stations In The State Of Florida!

Currently, The Property Has A New 20-Year Pure Nnn Lease That Will Be Signed At Closing & Run For A Full 20-Year Term.​ The Rental Rate Starts At $25,200 (Per Month) In 2026 And Will Increase By 10% Every 5 Years Until The End Of The 20-Year Term.​ The Tenant Also Has (2) Five-Year Options To Extend After The Expiration Of The Initial Lease Term.​ This Gives The Buyer Locked-In Security & Fantastic Rental Income For The Next 20+ Years.​ The Lease Is Fully Guaranteed By The Operator & Backed By A Sunoco Gas Agreement Throughout The Term Of The Lease.​

The Property Currently Boasts An In-Place Cap Rate Of 8%.​ With The Rental Increases Every 5 Years Built Into The Current Lease, This Number Will Only Grow! By 2031, The Buyer Will Easily Surpass A Cap Rate Of 9% & This Will Rise, 5 Years Later, To A Cap Rate Of Over 10%.​ By The Final Years Of The Lease, The Cap Rate Will Surpass 11.3%, With Upside For More After The Initial Term.​ This Is An Amazing Return For A Nnn Asset That Is Hands-Off For The Buyer In One Of The Best Locations To Own A Gas Station In All Of Fl!

This Fully Renovated And Re-Branded Sunoco Station Sits Directly In Downtown Cape Coral, Fl! Cape Coral Is The Largest City Between Tampa And Miami In Both Population And Area, And The 9th Largest City In The Entire State Of Florida.​ This Location Does Incredible Numbers Due To The Heavy Daily Traffic, And Its Close Proximity To Many Major Big Box Retailers That Attract Many Locals To The Area Each Day! The Site Is Eligible For 100% Bonus Depreciation, Potentially Creating A Massive Tax Advantage For The Buyer Immediately Upon The Purchase!

Currently, The Property Has A Brand-New 20-Year Pure Nnn Lease That Will Be Signed At Closing And Run For A Full 20-Year Term.​ The Rental Rate Starts At $25,200 (Per Month) In 2026 And Will Increase By 10% Every 5 Years Until The End Of The 20-Year Term.​ Even Better Is The Fact That The Tenant Has (2) Five-Year Options To Extend After The Expiration Of The Initial Lease Term.​ This Gives The Buyer Locked-In Security And Fantastic Rental Income For The Next 20+ Years.​ The Lease Is Fully Guaranteed By The Tenant And Backed By A Sunoco Fuel Supply Agreement Throughout The Life Of The Lease.​

The Property Currently Boasts An In-Place Cap Rate Of 8%.​ With The Rental Increases Every 5-Years Built Into The Current Lease, This Number Will Only Grow! By 2036, The Buyer Can Easily Surpass A Cap Rate Of 9%, And This Will Rise 5 Years Later To Over A 10.2% Cap Rate With An Upside For More After The Initial Term.​ This Is The Perfect Investment Opportunity For Someone Looking To Lock In A Strong Long-Term Income, ($302,400) Minimum Per Year, With A Strong And Proven Tenant.​ The Operator (Tenant) Has Many Other Gas Stations In The Surrounding Area And Has Been Running And Operating Gas Stations For Over 36 Years.​ They Are Seasoned Professionals Who Have A Strong Track Record And A Proven Business Model That Has Been Working For Years!


One Major Advantage For An Investor Is How Easy This Asset Is To Manage.​ Due To The Fact, The Tenant Is Responsible For All Expenses, Including But Not Limited To All Property Repairs, Maintenance, Utilities, All Other Cam Charges, Property Taxes, And Insurance At The Property.​ This Asset Is Very Easy To Manage And Maintain For A Buyer Who Lives In The Area Or Even An Out-Of-State Investor! It Is Virtually Impossible To Find Any New Pure Nnn Sunoco Gas Station On The Market Producing A (8%-11.3%) Cap Rate, 9.8% Average Cap Rate Throughout The Lease, Locked In For The Next 20 Years! This Opportunity Will Not Last Long As The Security Of The Tenant Is In Place, And The Rental Upside Is Impossible To Find Anywhere In This Market.​

The Recent Upgrades And Renovations Only Add To The Future Value Of This Asset! Recent Renovations Include But Are Not Limited To A New Roof, New Hvac, New Updated Hi-Tech Pumps, New Custom Sunoco Exterior Paint, Parking Lot Updates, New Canopy, New Security System, New Pylon Signage, New Exterior & Interior Paint, Fully Redone Signature "A + Plus" C-Store, New Interior Equipment For Hot Food Items, New Coolers, New Drink Machines, Clean Environmentals, & Much More!

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Asking-market observation aggregated from public listing sources, last observed Sep 4, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.