26835 Wesley Chapel BlvdWesley Chapel, FL 33544

Property Details for 26835 Wesley Chapel Blvd

Lot size

1.35 AC

Zone code

MPUD

Property type

Land

Property subtype

Commercial land

APN

11-26-19-0140-00000-0070

APU

1126190140000000070

Description

This exceptional investment opportunity presents a brand-new, fee-simple owned, 7,225 square foot O'Reilly Auto Parts store in Wesley Chapel, Florida. Built in 2023, this property boasts a 15-year net lease with a credit-rated tenant and corporate guarantee, providing significant financial stability. The lease commenced December 31, 2023, and includes four 5-year renewal options with a 6% rent increase at the beginning of each option and year 11. The property sits on a 1.35-acre lot with 38 parking spaces and enjoys excellent visibility and accessibility, fronting Wesley Chapel Boulevard (20,000 vehicles per day) and located just 1.5 miles from Interstate 75 (73,800 vehicles per day). The strong demographics of the area, including nearly 100,000 residents and 27,000 employees within a 5-mile radius and a $127,493 average household income, further enhance the investment's appeal. Significant nearby development, including a new apartment complex, a large residential community, and a new Baycare hospital, promises continued growth and increased traffic. The property's location near The Grove at Wesley Chapel power center and other national retailers creates strong tenant synergy. The current Net Operating Income (NOI) is $139,800, resulting in a 5.60% cap rate. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a rapidly growing Florida market. The property's APN is 11-26-19-0140-00000-0070. The asking price is $2,496,000.

• Alternative Use

  Use

  Valuation

  Residential

  $13,628,734

  Hospitality

  $12,483,847

  Educational

  $10,386,414

  Medical

  $10,743,619

  Retail

  $16,156,644

Location Insight

City

Wesley Chapel

County

Pasco

State

Florida

Latitude

28.2309

Longitude

-82.3735

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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