11253 56Th StTemple Terrace, FL 33617

This exceptional investment opportunity presents a 4,275 square foot, single-story freestanding Truist Bank building situated on a 0.97-acre lot in the thriving Temple Terrace area of Tampa, Florida. The property boasts a strong 6.50% cap rate and a substantial net operating income (NOI) of $192,820. Currently operating under a Net Lease (NNN) agreement with a credit-rated tenant, the lease features a remaining term of 7.9 years, extending to September 29, 2032, with attractive 3.5% annual rent bumps. The building includes a significant 3,310 square foot drive-thru, catering to the convenience of customers. With 32 parking spaces available, the property is strategically located on 11253 N. 56th Street, providing convenient access to major thoroughfares including 56th Street, Fowler Avenue, Busch Boulevard, and Interstates 75, 275, and 4. The property's prime location benefits from high traffic volume and proximity to key attractions such as Busch Gardens, Adventure Island, and the University of South Florida. The property is zoned CG and features an APN of 200720-0000. The lease includes 2-5 year renewal options. The asking price for this exceptional investment is $2,950,000.