1225 S 78th St - Service Station FOR SALE
Tampa, FL 33619 |
1225 S 78th St
Tampa, FL 33619
HIGHLIGHTS
- NEW 8-PUMP CITGO GAS STATION WITH SIGNATURE "GO MARKET" C-STORE IN TAMPA, FL! LOCATED DIRECTLY ON US-HWY 573!
- 20-YEAR PURE NNN LEASE WITH TWO 5-YEAR OPTIONS! 7.5% RENTAL INCREASES EVERY 5 YEARS THROUGHOUT THE TERM OF THE LEASE!
- 7.4% CAP RATE IN 2025! 8% CAP RATE IN 2030!
- 9% CAP RATE IN 2035! 9.3% CAP RATE IN 2040! 10% CAP RATE IN 2045!
- RECENT SITE RENOVATIONS INCLUDE NEW HVAC, TANKS, PUMPS, FRONT CANOPY, SIGNAGE, W PAINT AND A NEWLY RENOVATED INSIDE STORE WITH MANY INTERIOR UPDATES!
- STRONG TENANT IN PLACE WITH OVER 35 YEARS OF GAS STATION OPERATION EXPERIENCE AND EXTREMELY STRONG FINANCIALS!
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
7.4% CAP RATE- TAMPA CITGO (20-YR NNN LSE)!
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
ADD'L SUBTYPES
Convenience Store, Storefront, Truck Stop
TOTAL BUILDING SIZE
2069
STORIES
1
YEAR BUILT
1961
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
U-26-29-19-663-000001-54580.0
