For Sale
$1,448,770

609 Robertson StBrandon, FL 33511

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 4,650 square foot, single-story Midas Auto Services franchise located at 609 W Robertson St, Brandon, FL 33511. The property sits on a 0.41-acre lot and boasts a 6.75% cap rate with a Net Operating Income (NOI) of $97,792. The absolute NNN lease, with the tenant responsible for all property expenses, including taxes, insurance, and maintenance, ensures minimal landlord responsibilities. The current lease, with a franchisee tenant, commenced August 1, 2023, and has a remaining term of approximately 3.7 years, plus two five-year renewal options. Built in 1976 and renovated in 2005, the property benefits from its strategic location in Brandon, Florida, a thriving suburb of Tampa, with high traffic counts (61,500 AADT on nearby W Brandon Boulevard) and strong demographics. Within a three-mile radius, the population exceeds 103,719, and the average household income surpasses $100,766. The property is zoned CG - General Commercial - Hillsborough County, and its proximity to major retail centers, including the Brandon Mall and Brandon Exchange, further enhances its value and potential for long-term growth. This is a rare opportunity to acquire a stable, high-performing asset with a nationally recognized tenant and significant upside potential. The asking price is $1,448,770.

Highlights

  • National tenant: Midas Auto Services, a TBC Corporation franchise, with over 1,000 North American locations and a top 100 ranking in Entrepreneur's Franchise 500 for 2024.
  • Stable cash flow: Absolute NNN lease with tenant responsible for all expenses, including taxes, insurance, and maintenance; long-term tenant with decades of operation at this location and experience operating multiple franchises.
  • Strategic location: High traffic area (61,500 AADT on nearby W Brandon Boulevard), near Brandon Mall and Brandon Exchange shopping centers.
  • Desirable demographics: Over 103,719 residents and $100,766 average household income within a 3-mile radius.

Property Details for 609 Robertson St

Property type
Retail properties, Industrial properties
Square Feet
4,650 SF
Year Built/Renovated
1976/2005
Buildings
1
Stories
1
Lot Size (sq. ft)
17,860 SF

Location Insight

City
Brandon
County
Hillsborough
State
Florida
Latitude
27.935548
Longitude
-82.2929634
609 Robertson St, Brandon, Florida

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609 Robertson St
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