For Sale
$900,000

5710 Waters Ave Tampa, FL 33634

High-Cap Retail Property in Tampa, FL

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a 2,130-square-foot freestanding retail storefront located at 5710 W Waters Ave, Tampa, FL 33634. The property boasts a 5.71% cap rate and is currently 100% occupied by a single tenant under a triple-net (NNN) lease. The lease has approximately two years remaining, with a five-year option. Situated on a prominent corner lot at the intersection of W. Waters Avenue and Veterans Expressway, two major thoroughfares in Hillsborough County, this location ensures high visibility and accessibility. Built in 2016, the building offers excellent condition and benefits from its position within a high-traffic area. The tenant is a well-established, large-scale operator with a significant presence in the market. This property presents a compelling investment opportunity due to its strong tenant, favorable lease terms, and prime location in a thriving Tampa market. The below-market rent provides significant upside potential for future income growth. This is a rare chance to acquire a stable, high-performing retail asset with considerable long-term value.

Highlights

  • 2,130-square-foot freestanding retail building at 5710 W Waters Ave, Tampa, FL 33634.
  • 5.71% cap rate with a 100% occupancy under a triple-net (NNN) lease.
  • Two years remaining on the lease, with a five-year option.
  • High-visibility corner lot at W. Waters Ave and Veterans Expressway intersection.
  • Excellent condition, built in 2016, in a high-traffic area.
  • Strong, established national tenant with below-market rent, offering significant upside potential.

Property Details for 5710 Waters Ave

Property type
Retail properties, Retail space
Square Feet
2,130 SF
Units
1

Location Insight

City
Tampa
County
Hillsborough
State
Florida
Latitude
28.025313886185
Longitude
-82.543220659947

FAQs

What type of property is this?
Retail property - High-Cap Retail Property in Tampa, FL
Where is the retail property located?
The property is located at 5710 Waters Ave Tampa, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 2,130-square-foot freestanding retail building at 5710 W Waters Ave, Tampa, FL 33634.; 5.71% cap rate with a 100% occupancy under a triple-net (NNN) lease.; Two years remaining on the lease, with a five-year option.
How can I contact the broker?
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5710 Waters Ave
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