For Sale
$3,485,000

4250 78Th StTampa, FL 33619

High-performing 7-Eleven, strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional fee-simple investment opportunity presents a 4,081 square foot 7-Eleven convenience store and gas station located at 4250 S 78th St, Tampa, FL 33619. Built in 2020, the property sits on a 1.29-acre lot with twelve gas pumps and boasts a top 4% national foot traffic ranking (Alpha Maps). The absolute NNN lease with a credit-rated corporate guarantor (7-Eleven, Wawa, Circle K, QuikTrip, Speedway) provides a secure, long-term investment with a remaining lease term of 10.5 years expiring April 30, 2035, and four 5-year renewal options. Rent increases by 10% every five years, offering inflation protection. The property generates a Net Operating Income (NOI) of $156,796, resulting in a 4.50% cap rate and a price per square foot of $853.96. The Tampa MSA location, within a high-density area with over 155,000 residents within 5 miles and 773,000 within 10 miles, benefits from consistent population growth and numerous new residential developments. The property's prime location on a hard signalized corner with easy access from both cross streets further enhances its appeal. This offering is eligible for bonus depreciation. The asking price is $3,485,000.

Highlights

  • Investment-grade tenant: 7-Eleven, S&P A-rated.
  • Globally recognized brand with over 84,000 locations worldwide.
  • Prime location in the Tampa MSA, a top 20 market with over 3 million residents.
  • High-density area with over 155,000 residents within 5 miles.
  • Strong population growth over the past decade, with projected future growth and surrounding new residential developments.
  • Absolute NNN lease with zero landlord responsibilities.

Property Details for 4250 78Th St

Property type
Retail properties, Grocery and convenience stores
Square Feet
4,081 SF
Year Built
2020
Buildings
1
Stories
1
Lot Size (sq. ft)
56,192 SF

Location Insight

City
Tampa
County
Hillsborough
State
Florida
Latitude
27.908956172273
Longitude
-82.367764882417
4250 78Th St, Tampa, Florida

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4250 78Th St
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