Listed by Ripco Real Estate
$3,250,000
6115 31st St E
Details
Property Type Retail, Industrial
Sub Type Warehouse, Commercial
Square Footage 20,046
Units 1
Cap Rate 5.52%
NOI $179,293
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 12/30/2026
Remaining Term 0.5
Pro-Forma Cap Rate 8.02%
Price per SqFt $162
Year Built 2001
Year Renovated 2011
Buildings 1
Acreage 1.780
Zoning LM
Lease Commencement 12/31/2021
Ceiling Height 24'
Retail | 5.52% CAP | 20,046 SqFt
Investment highlights
- Established Long-Term Tenant Fully leased to EMMI, a 40-year operating company, providing stable single-tenant income.
- Below-Market Lease Current lease expires December 2026, offering clear rental upside at renewal.
- NNN Conversion Opportunity Ability to convert from full-service to NNN lease, increasing net income
- Functional Industrial Asset Features 24' ceilings, dock-high and drive-in loading, oversized doors, AC warehouse, and fenced storage.
- Strong Industrial Location Positioned off USHwy 301near expanding 63rd Ave Ewith access to Lakewood Ranch and I-75.
Listing Contacts
Listed by Ripco Real Estate
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$179,293.00
$14,941.08/mo
Valuation Metrics
0
DSCR
5.52%
Cap Rate
5.52%
ROI
Map
Zoning
LM IndustrialLight IndustrialLight Manufacturing
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View all 163 uses
View all 163 uses Last updated May 13, 2026 For deeper zoning details, reports are available at Zoneomics
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