Listed by Coldwell Banker Commercial NRT Tampa
$1,350,000
Cash Flowing | Tampa MSA Car Lot
Details
Property Type Special Purpose
Sub Type Other
Square Footage 828
Units 1
Cap Rate 5.95%
NOI $80,300
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 6
Lease Expiration 02/01/2028
Remaining Term 2
Lease Options (1) three year option
Year Built 1994
Year Renovated 2004
Lot Size (SqFt) 27,094
Zoning CG
Investment Type Stabilized
Lease Commencement 02/15/2022
Ground Lease No
Special Purpose | 5.95% CAP | 828 SqFt
Marketing description
Impeccably positioned within the thriving Tampa/St. Petersburg market, this prime retail property presents an exceptional investment opportunity. Boasting a 828 SF building, fully occupied by a single tenant, the property offers stability and immediate long term rental income. With a strategic location and a CG zoning designation, this asset is primed for maximum visibility and access. Having been renovated in 2004, the property exudes modern appeal and functionality. Built in 1994, it embodies enduring quality and structural integrity. With 100% occupancy, this investment promises turnkey profitability and long-term potential in the bustling retail landscape of Tampa/St. Petersburg.
Investment highlights
- High Traffic Area
- Easy Access to Major Highways
- Zoned CG
- High and Dry
Listing Contacts
Listed by Coldwell Banker Commercial NRT Tampa
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$80,300.00
$6,691.67/mo
Valuation Metrics
0
DSCR
5.95%
Cap Rate
5.95%
ROI
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