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34419386
34419385

712 S COLLINS ST, PLANT CITY, FL 33563-5516 For Sale

Foresight Property Services LLC
Foresight Property Services LLC
Listed by Foresight Property Services LLC
$1,100,000
2 days on market
Updated 2 days ago

712 S COLLINS ST PLANT CITY FL 33563-5516

Details
APN 208715.0000
Property Type Retail
Sub Type Restaurant
Square Footage 5,340
Units 1
Cap Rate 6.22%
NOI $68,468
Occupancy 100%
Tenancy Single
Lease Term 10.3
Lease Expiration 11/30/2029
Remaining Term 3.4
Rent Bumps Yes
Lease Options One 5 Year Renewal Option
Price per SqFt $206
Year Built 1965
Year Renovated 2018
Stories 1
Lot Size (SqFt) 33,247
Zoning C-2
Parking Spaces 50 spaces
Parking per 1,000 SqFt 9.36
Lease Commencement 09/01/2019
Ground Lease No

Single Tenant Net Leased Investment with Redevelopment Potential

Marketing description

712 S. Collins Street presents an exceptional opportunity to acquire a fully leased single tenant net leased investment in the heart of Plant City, Florida. Offered at $1,100,000, the property consists of a 5,340 square foot freestanding commercial building situated on approximately 0.76 acres with excellent visibility and frontage along South Collins Street.

The property is occupied by a well established local restaurant operator with multiple locations throughout the Tampa Bay area. The tenant operates under a modified NNN lease with 2.5% annual rent increases, providing consistent income growth while minimizing landlord responsibilities. The current lease extends through November 30, 2029, with one additional five year renewal option, offering investors stable in place cash flow and long term income potential.

Beyond the existing income stream, the property's generous site size and commercial zoning provide exceptional long term redevelopment and repositioning potential as Plant City continues to experience strong residential and commercial growth. This offering presents an attractive opportunity for investors seeking a stabilized asset with immediate cash flow, contractual rent growth, and future appreciation in one of the Tampa Bay area's fastest growing markets. Owner is a Licensed Florida Real Estate Broker.

Investment highlights

Single Tenant Net Leased Investment

5,340 SF Freestanding Building

0.76 Acre Commercial Site

Modified NNN Lease

2.5% Annual Rent Increases

Lease Through August 2028

Established Multi Location Restaurant Tenant

Stable In Place Cash Flow

Redevelopment Opportunity

Listing Contacts

Foresight Property Services LLC
Foresight Property Services LLC
Listed by Foresight Property Services LLC

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$68,468.00
$5,705.67/mo

Valuation Metrics

0
DSCR
6.22%
Cap Rate
6.22%
ROI

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Additional Information

Name
Manny Konstantinidis
License
SL3327653
Brokerage
Foresight Property Services LLC
Brokerage Phone
8138553800
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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