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31774533
31774534

43384 US-27, Davenport, FL 33837 For Sale

JZ
AZ BR509621000
Commercial Investment Advisors (CIA) Texas
Listed by Commercial Investment Advisors (CIA) Texas
$2,123,000
92 days on market
Updated 13 days ago

VERIZON & T-MOBILE – DAVENPORT, FL

Details
Property Type Retail
Sub Type Convenience Store, Shopping Center (+1)
Square Footage 3,300
Net Rentable (SqFt) 3,300
Units 1
Cap Rate 5.00%
NOI $106,128
Occupancy 100%
Tenancy Multi
Brand/Tenant Verizon Wireless, T-Mobile
Lease Type Absolute NNN
Broker Co-Op Yes
Year Built 2018
Buildings 1
Stories 1
Acreage 0.431
Zoning C
Investment Type Net Lease
Ownership (Building & Land) Fee Simple

Retail | 5.00% CAP | 3,300 SqFt

Marketing description

An exceptional opportunity to acquire a fully stabilized, 100% occupied retail property featuring two of the nation’s leading telecommunications providers — Verizon and T-Mobile. Both tenants are secured under 10-year triple-net leases with structured rental escalations, offering investors long-term income security and built-in value appreciation.

Strategically located in the high-growth corridor of Davenport, FL, this property benefits from trophy-level frontage on US-27 with traffic counts exceeding 76,000 CPD, just half a mile south of I-4, one of Central Florida’s busiest interstate corridors with over 130,000 CPD. The property sits directly across from a Dick’s Sporting Goods/Ross-anchored center, driving synergistic retail traffic.

Situated in the Orlando-Tampa growth corridor, Davenport benefits from robust migration trends, residential housing expansion, and increasing consumer demand. Its location near I-4 places it within reach of major tourist destinations, logistics hubs, and a growing year-round population. Retail vacancy remains low in the area, supporting long-term rental growth and tenant demand.

This investment offers the security of long-term national tenants, prime Florida location, and a rare combination of visibility, credit, and lease term — making it ideal for 1031 buyers, institutional investors, and portfolio diversifiers seeking yield stability with upside potential in a Sun Belt market poised for continued expansion.

Investment highlights

  • Credit Tenants | Verizon & T-Mobile: National, investment-grade tenants with strong balance sheets and consistent customer demand. Ideal for risk-averse investors focused on credit-backed, passive income.
  • 10-Year NNN Leases: Long-term lease structures with built-in rental escalations, minimizing landlord responsibilities and ensuring consistent, inflation-hedged returns.
  • Prime Visibility & Access: Located on US-27 (76,327 CPD) with direct access and excellent signage opportunities. Proximity to I-4 (130,755 CPD) provides regional accessibility, further amplifying consumer exposure.
  • Dominant Retail Corridor: Surrounded by national retailers including Target, Publix, BJ’s, Hobby Lobby, Marshalls, Best Buy, PetSmart, and more. This critical mass creates a high-volume shopping destination that fuels consistent tenant performance.
  • Outparcel-Like Positioning: Across from major anchors with strong retail draw, boosting foot traffic and property visibility without the encumbrances of large inline centers.
  • Explosive Regional Growth: Davenport and the surrounding Polk County area are experiencing significant residential and commercial development, supported by strong population and job growth metrics.

Listing Contacts

JZ
AZ BR509621000
Commercial Investment Advisors (CIA) Texas
Listed by Commercial Investment Advisors (CIA) Texas

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Loan Amount
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Annual Cash Flow
$106,128.00
$8,844.00/mo

Valuation Metrics

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Cap Rate
5%
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