Express Oil Change - Tampa (Lecanto) FL
New Construction | Absolute NNN (Ground Lease) | Corporate 15 Year Lease
Marketing description
Introducing a lucrative investment opportunity at Shoppes at Black Diamond located at 2110 N. Lecanto Highway, Lecanto, Florida. This ground lease property features a brand-new 15-year lease with a strong tenant, Express Oil Change, signed on a corporate level. With a net operating income of $202,000, this investment offers a solid 5.10% cap rate. The lease includes 7.5% rental increases every 5 years starting in year 11 and at each option period, ensuring consistent growth and protection against inflation. Express Oil Change is a reputable automotive service provider with a nationwide presence, offering high-quality services. The property boasts an Absolute NNN lease structure, providing investors with a hassle-free ownership experience as the tenant covers all expenses, including CAM, taxes, and insurance. Don't miss this chance to secure a stable income stream with a well-established tenant in a prime location within the Tampa MSA.
Investment highlights
New 15-Year Lease | Scheduled Rental Increases | Corporate Signed Lease | Well-Known & Established Tenant
Absolute NNN Ground Lease | Leased Fee | No State Income Tax |Zero Landlord Responsibilities
Shoppes at Black Diamond Outparcel | Signalized Intersections |Target Anchored Development | Brand New Construction
Local Demographics 5-Mile Trade Area
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