7950 Wire Rd, Zephyrhills, FL 33540

This fully remodeled 4-pump Chevron gas station with a signature "Harry's Food Mart" c-store is located in beautiful Zephyrhills, FL. The property sits at a signalized intersection with heavy traffic! This station is located directly across the street from the new 500+ single-family home development named "Abbott Park." This one-of-a-kind investment opportunity comes with a 4-pump station, a fully remodeled "Harry's Food Mart," a new (20-year) lease, strong historic sales, and the potential for 100% bonus depreciation!

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 a Chevron 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 9% 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.