5555 E Hillsborough Ave - Freestanding FOR SALE


Tampa, FL 33610
$5,250,000 USD
212-203-4854
5555 E Hillsborough Ave, Tampa, FL for Sale
$5,250,000 USD
Freestanding - FOR SALE
1/3
null | 4.75% Cap Rate

5555 E Hillsborough Ave
Tampa, FL 33610


HIGHLIGHTS

  • Long term NNN Lease-Zero Landlord Responsibility.
  • 10% rent increases every 5 years.
  • Located within a dense office area, including being directly next to NetPark Tampa Bay, a 1-million SF business park.
  • Surrounding National Retailers Include Ross, Rainbow, Hibbett, Aaron’s, NAPA, Advanced Auto, AutoZone, O’Reilly, Walgreens, Dollar General, etc.
  • The average household income directly surrounding the property is nearly $82,500, which is above the national average.
  • The population within a 5-mile radius in 2023 is over 237,000 people with a projected total of nearly 260,000 by 2029.

OVERVIEW

Mohr Partners Inc., is pleased to present the following investment opportunity in the Tampa, FL, market. The offering comprises a freestanding 7-Eleven gas station located at 5555 E Hillsborough Ave, Tampa, FL 33610 (“the Property”). The Property comprises a 3,062 square foot building on 1.46 acres of land and features a corporately guaranteed lease. This property is for sale with a purchase price of $5,250,000. The Property is leased with 9 years of remaining term that commenced on May 1, 2019, along with four, five-year extensions. The lease features rental escalations of 10% every five years during the base term and at the start of each extension period, providing substantial upside potential. This offering provides a passive investment with zero landlord maintenance obligations. The Property is leased to 7-Eleven, a global convenience store chain headquartered in Irving, Texas, that is known for its extensive presence in the United State and offers a variety of food, beverages and everyday essentials, often operating 24/7. The property sits on the hard corner of E Hillsborough Ave and N 56th St. Over 38,500 vehicles pass by the property daily along Hillsborough Ave, a major arterial east-west thoroughfare that serves a main route to several attractions in the area including Raymond James Stadium (home of the NFL's Tampa Bay Buccaneers), Interstate 4 and Tampa International Airport (over 19 million passengers annually)

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$1,715 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,598 SF

ZONING

CI

APN/PARCEL ID

U-03-29-19-ZZZ-000001-44150.0

ASK ABOUT THIS PROPERTY

Corey HorowitzMohr Partners, Inc.More Info
212-203-4854

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Corey HorowitzMohr Partners, Inc.More Info
212-203-4854

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.