Dollar General Tampa FL Large 3.4 Acre Lot 1303 South 78th Street, Tampa, FL Cap Rate 5.80% Tampa (Clair-Mel City, Florida, US ) Built

$2,206,655 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

bai -mex bai -mex +528115997536 (Cell) Request More Info

  • Type: Commercial
  • Style: Commercial
  • Size: 9,026 sq. ft.
  • Development Level: Built
  • Lot Size: 3.4 acres
  • Year Built: 2014

Description

Dollar General Tampa FL Large 3.4 Acre Lot 1303 South 78th Street, Tampa, FL Cap Rate 5.80%

Cap Rate: 5.8%
NOI: $127,986
Building Size: 9,026 sqft
Lot Area: 3.4 acres
Lease Type: Absolute Net
Year Built: 2014
Tenancy: Single

Price: $2,206,655 USD

DESCRIPTION
Touchstone Commercial Partners is pleased to offer for sale a single tenant UPGRADED CONSTRUCTION Dollar General property located in Tampa, Florida. This property has 8.7+ years of absolute NNN lease remaining through August 2029 and the landlord has zero responsibilities. The tenant has four 5-year renewal options with 10% rent increases for each option. The lease is guaranteed by Dollar General Corporation which operates over 16,700 stores and has a S&P investment-grade rating of BBB.

The subject property is in a very dense area along the S 78th street with a 3/5-mile population of 52.7K and 174K respectively. There are 17,300+ cars per day traversing on 78th street. Another very strong potential upside of this property is that the parcel has a lot size of 3.4 acres which could be leveraged for future development.

About Tampa
Tampa, with a population of over 400,000, is the third-largest city in Florida after Miami and Jacksonville. The city ranks #3 Best Metro for New Business, and #1 City Americans Are Moving To and #9 Best City For a Staycation. Tampa also enjoys the intrinsic benefits being in Florida, the nations’ 4th largest economic powerhouses with $1 trillion GDP.

HIGHLIGHTS
• LONG TERM LEASE - 8.7+ Years NNN Lease. 20 Years Renewal Options. 10% Increase Each Option
• ZERO LANDLORD RESPONSIBILITIES - Tenant Responsible For Maintenance, Taxes, Insurance
• TOP-NOTCH DEMOGRAPHICS - 174,700+ 5-Mile Population. 17,3000 Vehicles Per Day In Front Of Property
• LOCATED NEXT TO 2 PUBLIC SCHOOLS - Middle and Elementary Schools. 1,2000 Students Enrollment
• NATIONAL INVESTMENT-GRADE TENANT - S&P Investment Grade BBB. Corporate Guaranteed Lease
• 3.4 ACRE LOT SIZE - Potential Long-Term Future Development

Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
# ID de Propiedad: 358038156
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

P2#437370018
top
Information is deemed to be correct but not guaranteed.