For Sale
$3,490,000

4301 Hillsborough AveTampa, FL 33614

High-traffic 7-Eleven, strong ROI, long lease.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a fee-simple ownership of a 7-Eleven convenience store and gas station located at 4301 W Hillsborough Ave, Tampa, FL 33614. The property boasts a 4,040 square foot building on a 15-year absolute NNN lease (with 6.3 years remaining and four 5-year renewal options) that commenced March 28, 2016, and expires March 27, 2031. The lease includes built-in rent bumps, providing a hedge against inflation. The tenant, 7-Eleven, a credit-rated company, is a premier name in the convenience-retailing industry. The property benefits from a high-traffic location directly off Hillsborough Avenue (68,500 vehicles per day), situated in a dense retail corridor with numerous national brands including McDonald's, Walgreens, and others. Its proximity to Tampa International Airport (over 1,065,580 yearly flights) and two large business parks further enhances its desirability. The property's strong performance is reflected in its 5.20% cap rate and $181,500 net operating income (NOI). The building underwent renovations in 2017. This location ranks in the top 72% of all gas stations and convenience stores nationwide. The asking price is $3,490,000. The property's APN is 102938-0056.

Highlights

  • 7-Eleven NNN Lease with 6+ years remaining and four 5-year renewal options.
  • Lease includes 10% annual rent increases, hedging against inflation.
  • Investment-grade tenant, 7-Eleven, a leader in the convenience store industry.
  • High-traffic location on Hillsborough Avenue (68,500 VPD), within a dense retail corridor including McDonald's, Walgreens, and other national brands.
  • Proximity to Tampa International Airport (over 1,065,580 annual flights) and two large business parks.
  • Top 72% performing gas station/convenience store nationwide.

Property Details for 4301 Hillsborough Ave

Property type
Retail properties, Grocery and convenience stores
Year Renovated
2017

Location Insight

City
Tampa
County
Hillsborough
State
Florida
Latitude
27.9968728
Longitude
-82.5150929
4301 Hillsborough Ave, Tampa, Florida

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4301 Hillsborough Ave
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