27266 Wesley Chapel BlvdWesley Chapel, FL 33544

Property Details for 27266 Wesley Chapel Blvd

Year built

2023

Lot size

0.56 AC

Property size (Sq ft)

1,406 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Wesley Chapel

County

Pasco

State

Florida

Latitude

28.2377

Longitude

-82.3654

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