For Sale
$2,800,000

5717 Gunn HwyTampa, FL 33625

Tampa, FL: Multi-Tenant Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional retail investment opportunity presents a 9,329 square foot, multi-tenant property located at 5717 Gunn Highway in Tampa, Florida, within Hillsborough County, zip code 33625. The property, a single-building complex, boasts 100% occupancy with five tenants, including Chase Bank. The property features a total of four units, and underwent renovations in 2021. This is an absolute NNN lease structure, offering a strong 7.03% cap rate and a substantial net operating income (NOI) of $196,874. The asking price is $2,800,000, translating to a price per square foot of $300.14. The property is classified as a retail condo, encompassing restaurant, shopping center, and storefront subtypes. Importantly, Esporta and Walgreens are not included in this sale. Rent bumps are included in the lease agreements, ensuring future income growth. This is a prime opportunity for investors seeking a stable, high-performing retail asset in a desirable Tampa location. The property's strong tenant mix and favorable lease terms make it an attractive investment with significant potential for long-term returns. The property's location offers excellent visibility and accessibility, contributing to its high occupancy rate.

Highlights

  • Commercial Condominiums for Sale
  • Absolute Triple Net Lease (NNN)

Property Details for 5717 Gunn Hwy

Property type
Lifestyle centers, Power centers
Square Feet
9,329 SF
Year Renovated
2021
Buildings
1
Units
4

Location Insight

City
Tampa
County
Hillsborough
State
Florida
Latitude
28.062768261854
Longitude
-82.542909948623
5717 Gunn Hwy, Tampa, Florida

FAQs

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5717 Gunn Hwy
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