For Sale
$1,795,000

4248 Dale Mabry HwyTampa, FL 33611

High-yield QSR investment, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a freestanding Jimmy John's restaurant with a drive-thru, situated in a high-traffic area of South Tampa, Florida. The property, built in 2011, boasts 2,062 square feet on a 0.48-acre lot and benefits from an absolute NNN lease structure, eliminating landlord responsibilities. The current tenant, operating a total of 78 Jimmy John's locations, pays $104,000 in annual rent under a 10-year lease commencing June 7, 2024. This lease includes a significant 10% rent escalation after year five and two five-year renewal options with 2.5% annual rent increases, ensuring consistent income growth. Located at 4248 S Dale Mabry Hwy, Tampa, FL 33611, the property is zoned PD (Planned Development) and enjoys a prominent location near a 400+ unit multifamily complex and a Lowe's, with a traffic count of 33,000 vehicles per day at a lighted intersection. The asking price is $1,795,000, representing a 5.80% cap rate. This is a rare opportunity to acquire a secure, high-performing investment in a thriving market. The property's location, strong tenant, and favorable lease terms make it an ideal addition to any investment portfolio. The Hillsborough County location within the Tampa-St. Petersburg MSA provides access to a large and growing population base. The single-story building is part of a planned development. The APN is A-04-30-18-9QS-000000-00002.0.

Highlights

  • Absolute NNN lease with Jimmy John's, a national tenant operating 78 locations.
  • $1,795,000 asking price with a 6% CAP rate.
  • 10-year lease term commencing June 7, 2024, including two 5-year renewal options with 2.5% annual rent increases.
  • 10% rent escalation after year 5.
  • 2,062 SF building on a 0.48-acre outparcel of Lowe's, built in 2011.
  • High-traffic location with 33,000 VPD at a lighted intersection, adjacent to a 400+ unit multifamily complex.

Property Details for 4248 Dale Mabry Hwy

Property type
Retail properties
Square Feet
2,062 SF
Year Built
2011
Buildings
1
Stories
1
Lot Size (sq. ft)
20,909 SF
Units
1

Location Insight

City
Tampa
County
Hillsborough
State
Florida
Latitude
27.903439385559
Longitude
-82.505887532792
4248 Dale Mabry Hwy, Tampa, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
4248 Dale Mabry Hwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message