www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
27280292
27280293

107 W Waters Ave, Tampa, FL 33604 For Sale

Saunders Real Estate
Listed by Saunders Real Estate
$1,200,000
292 days on market
Updated 13 days ago

Checkers - Single Tenant Absolute NNN Investment

Details
APN 99977.0000
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 800
Cap Rate 5.00%
Occupancy 100%
Tenancy Vacant
Brand/Tenant Checkers and Rally's
Lease Type Absolute NNN
Rent Bumps Yes
Broker Co-Op No
Year Built 1993
Buildings 1
Stories 1
Acreage 0.440
Zoning CI
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership Fee Simple

107 W Waters Ave., Tampa, FL 33604

Marketing description

Excellently located in the North Tampa/University of South Florida market, this 800 ± SF Checkers restaurant with a double drive-thru sits at the intersection of Waters Avenue and U.S. Route 41, offering visibility to more than 32,000 cars each day. The site is surrounded by well-known attractions including Busch Gardens, Adventure Island, and the Museum of Science and Industry, with quick access to I-275.

Location Description

This property is strategically located in Tampa, Florida, just off the intersection of Waters Avenue and U.S. Highway 41. This highly visible corridor sees more than 30,000 vehicles daily, ensuring consistent exposure and easy accessibility. The property sits in a thriving North Tampa market that combines established neighborhoods with strong retail and commercial activity.

Only minutes from the University of South Florida, Busch Gardens, Adventure Island, and the Museum of Science and Industry, the site benefits from steady traffic generated by both local residents and regional visitors. Quick access to I-275 and I-4 further enhances connectivity, linking the location to Downtown Tampa, the Westshore business district, and the greater Tampa Bay region. Surrounding businesses include national retailers, restaurants, service providers, and community amenities.

Please visit for more information: https://commercial.saundersrealestate.com/commercial-property-for-sale/107-w-waters-ave-tampa-sale/

Investment highlights

  • Five year absolute NNN Ground Lease

  • Zero landlord responsibility

  • Corporate guarantee

  • Two - 5 year options

  • 10% increases every 5 years

  • 3.5 years remaining on current lease

  • 33+ years operating history

  • Built 1993

Listing Contacts

Saunders Real Estate
Listed by Saunders Real Estate

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Liz Menendez, CCIM
License
SL3121142
Brokerage
Saunders Real Estate
Brokerage Phone
7274090101
Title
Senior Advisor
Brokerage Address
1511 North Westshore Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591