16135 U.S. 301, Dade City, FL 33523

This fully remodeled 4-pump AMOCO gas station with a signature "Harry's Food Mart" c-store is located in beautiful Dade City, FL. The property sits at a signalized intersection with heavy traffic! This station is located in the Wesley Chapel area, one of the fastest-growing areas in all of Florida. This one-of-a-kind investment opportunity comes with a 4-pump station, a fully remodeled "Harry's" food mart, a new (20-year) pure NNN lease, & strong historic sales.

Currently, the property has a new 20-year pure NNN lease in place. The lease was signed in 2025 and runs for a full 20-year term. The rental rate starts at $22,440 (per month) in 2026 and will increase by 2% every year, until the end of the 20-year term. The tenant also has (2) five-year options to extend after the expiration of the initial lease term. This gives the buyer locked-in security & fantastic rental income for the next 20+ years. The lease is fully guaranteed & backed by an AMOCO/BP gas agreement throughout the lease.

The property currently boasts an in-place cap rate of 7.1%. With the rental increases every year built into the current lease this number will only grow! By 2030, the buyer will easily surpass a cap rate of 8% & this will rise, 5 years later, to almost an 8.5% cap rate with an upside for more after the initial term. By the final years of the lease, the cap rate will surpass 10%, which is an amazing return for an NNN asset that is hands-off for the buyer.