For Sale
$2,550,000

27266 Wesley Chapel BlvdWesley Chapel, FL 33544

Florida Auto Shop - Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
112
This exceptional investment opportunity presents a 1,406 square foot, free-standing Take 5 Oil Change in Wesley Chapel, Florida. Built in 2023, this single-tenant property boasts a 15-year NNN lease (11 years remaining) with a corporate guarantee, offering significant long-term stability. The lease includes 10% rent bumps every five years, ensuring consistent income growth. Located on 0.56 acres at 27266 Wesley Chapel Blvd, Wesley Chapel, FL 33544, the property benefits from a prime location in an affluent area with average household incomes exceeding $98,000 within a three-mile radius. The property's strong financial performance is reflected in its 5.78% cap rate and a substantial net operating income (NOI) of $147,350. The asking price is $2,550,000, translating to $1,813.66 per square foot. The property features contemporary design and meticulous interior and exterior maintenance, minimizing landlord responsibilities. Four (with an option for a fifth) five-year lease options further enhance the investment's long-term value. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a desirable location within a tax-free state. The property is 100% occupied.

Highlights

  • 2023-built, contemporary design, free-standing Take 5 Oil Change building.
  • NNN lease with zero landlord responsibilities.
  • Located in a tax-free state.
  • Prime location in affluent area with average household incomes exceeding $98,000 within a three-mile radius.
  • Meticulously maintained interior and exterior.

Property Details for 27266 Wesley Chapel Blvd

Property type
Retail properties, Auto shops
Square Feet
1,406 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
24,394 SF
Units
1

Location Insight

City
Wesley Chapel
County
Pasco
State
Florida
Latitude
28.2377266
Longitude
-82.3654404
27266 Wesley Chapel Blvd, Wesley Chapel, Florida

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27266 Wesley Chapel Blvd
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