Texaco Tampa FL - Between i-275 & USF
45K VPD | Signalized Intersection | Owner-User
Marketing description
STAX Real Estate is pleased to present the exclusive opportunity to acquire the fee simple interest in 2202 E Bearss Ave, a high-visibility Texaco gas station and convenience store strategically located in the heart of Tampa, Florida. Positioned on a hard corner just moments from the University of South Florida (USF) and Interstate 275, this asset offers an investor a rare combination of stable existing cash flow and immediate value-add potential.
*This is an Owner-User property, not a NNN lease. Please call for off-market list of NNN lease gas stations for bonus depreciation.
Strategic Location & Performance
The property sits on a roughly 0.77-acre pad site within a busy grocery-anchored corridor, shadow-anchored by national retailers including Walmart Supercenter, Target, and ALDI. With exposure to over 44,600 vehicles per day, the site captures significant commuter traffic on Bearss Avenue—a critical arterial connecting North Tampa’s residential districts to the I-275 employment corridor. The business is currently generating $77,000 in monthly inside sales at healthy 40% margins, driven by a newly renovated interior and a full commercial kitchen.
Value-Add Opportunity
Unlike stabilized assets with limited upside, this property features clear avenues for revenue growth. The current operation does not yet utilize Lottery or EBT (Electronic Benefit Transfer) services. Implementing these two standard traffic-drivers is projected to immediately increase foot traffic and ancillary sales. Additionally, the sale includes a busy U-Haul dealership, providing a diversified income stream distinct from fuel and retail sales.
Turnkey Condition
Ownership has recently completed significant capital improvements, including a new "Beer Cave," a fully equipped commercial kitchen with a 13-ft hood system, and upgraded store equipment. These renovations minimize near-term capital expenditure requirements for the new owner, allowing for an immediate focus on operational optimization and sales growth.
Offered at $2,800,000, this asset represents a prime opportunity to acquire a renovated, high-volume essential retail business in one of the nation’s top-performing real estate markets.
Investment highlights
- Dominant Visibility: Positioned at a signalized intersection with exposure to over 44,600+ vehicles per day (VPD).
- Strategic Commuter Artery: Bearss Avenue serves as a vital east-west connector, capturing high-volume "going-to-work" and "going-home" flows between residential North Tampa and Interstate 275 (less than 1 mile west).
- Excellent Access: The site features multiple points of ingress/egress, facilitating easy turn-in for both westbound and eastbound traffic.
- University of South Florida (USF) Impact: Located minutes from the USF campus (50,000+ students/faculty), providing a consistent customer base of students, staff, and visitors.
- Medical & Corporate Hub: Surrounded by major employment centers, including AdventHealth Tampa, James A. Haley Veterans’ Hospital, and Moffitt Cancer Center.
- Retail Synergy: Situated as a pad site to a grocery-anchored center and neighbored by national brands like Pep Boys, Sonic Drive-In, Chick-fil-A, and Taco Bell, driving continuous cross-shopping traffic to the immediate area.
- Untapped Revenue Streams: The store currently operates without Lotto or EBT. Implementing these services is a proven strategy to immediately boost daily foot traffic and inside sales volume.
- Food Service Expansion: The newly built, full commercial kitchen (equipped with a 13-ft hood) allows for the expansion of a high-margin hot food program or a proprietary QSR concept.
- Robust Sales: Currently achieving $77,000/month in inside sales at 40% margins and pumping 65,000 gallons/month at a high margin of $0.35/gallon.
- Diversified Income: Sale includes an active and busy U-Haul Dealership, adding a stable, service-based revenue stream.
- Flexible Fuel Contract: 5 years remaining on the fuel supply agreement (Rack +1 cent) with a $0.03 rebate, featuring a buyout option for operators seeking total independence.
- Capital Improvements Completed: Recent renovations include a new walk-in Beer Cave, updated store equipment, and modern interior finishes.
- Depreciation Benefits: New equipment and renovations may qualify for accelerated depreciation (Bonus Depreciation) offering potential tax advantages for the new owner (consult your tax professional).
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