Listed by CBRE Atlanta, CBRE - Atlanta, CBRE - Orlando
$2,959,800
Verizon: Seffner, FL
Details
Property Type Retail
Sub Type Storefront
Square Footage 2,464
Cap Rate 5.5%
NOI $162,789
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 06/30/2036
Remaining Term 10.1
Rent Bumps Yes
Lease Options Four, 5-Year Options
Acreage 0.420
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/15/2026
Ground Lease No
Brand New Modified NNN Lease | Currently Under Construction | Tampa MSA
Marketing description
The CBRE Net Lease Property Group is pleased to offer for sale the 2,464-square-foot Verizon Wireless situated on 0.42 acres in Seffner, Florida—a component of the broader Tampa-St. Petersburg-Clearwater, FL MSA (Population: 3.36M+). Commencing in June 2026, Verizon’s modified NNN lease will feature 10 years of primary term and four, 5-year options to renew. Rent increases every 5 years by (i) 5% by default, or (ii) by the 5-year change in CPI (not to exceed 10%) if elected by Landlord.
Investment highlights
- Brand-New 10-Year Modified NNN Lease with Renewal Options: Commencing in June 2026, Verizon’s modified NNN lease will feature 10 years of primary term and four, 5-year options to renew. Rent increases every 5 years by (i) 5% by default, or (ii) by the 5-year change in CPI (not to exceed 10%) if elected by Landlord.
- Excellent Access & Visibility: Located less than 13 miles east of downtown Tampa, Verizon is positioned with excellent access and visibility along East Martin Luther King Jr. Boulevard (40,500 VPD) and less than 2 miles east of the on-ramp to I-75 (183,000 VPD) and its interchange with I-4 (161,000 VPD) just one exit north— a major highway connecting Tampa Bay and Central Florida that was recently upgraded.
- Strategic Location: Verizon is positioned across East Martin Luther King Jr. Boulevard from a shopping center home to Walmart, Publix, Bealls, Rainbow Shops, Sally Beauty, Wingstop, Pizza Hut and Cricket Wireless, among others. Based on the recent construction plans, the existing Publix in this center is relocating from its current spot at Mango Square to a much larger, 47,304-square-foot prototype store at Pine St and E. MLK Jr Blvd in Seffner, complete with a standalone liquor store and a dedicated truck bypass. Plans also include a proposed multi-family residential development located directly adjacent to the site.
Listing Contacts
Listed by CBRE Atlanta, CBRE - Atlanta, CBRE - Orlando
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$162,789.00
$13,565.75/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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