For Sale
$3,934,736.84

6602 Gunn HwyTampa, FL 33625

High-yield auto shop investment. Strong tenant, long lease.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional Class A retail investment opportunity presents a 6,922 square foot Tire Kingdom located at 6602 Gunn Hwy, Tampa, FL 33625. The property sits on a 1.19-acre lot and is subject to a 25-year absolute NNN lease, with over 13.5 years remaining until August 7, 2037. The lease commenced December 17, 2012, and features rent bumps in 2028 based on the CPI, capped at 12%. The current asking price is $3,934,736.84, representing a 4.75% cap rate and a Net Operating Income (NOI) of $186,900. The property benefits from a strong location near Citrus Park Town Center and a Walmart Supercenter, within a densely populated area. This is a 1031 exchange eligible property offering minimal landlord responsibilities and significant long-term income potential. The tenant is Tire Kingdom, backed by a corporate guarantee from TBC Corporation and Sumitomo of America. The price per square foot is $568.44. This is an ideal investment for those seeking a stable, high-return, low-maintenance commercial property.

Highlights

  • 13.5+ years remaining on a 25-year absolute NNN lease.
  • Corporate guarantee from TBC Corporation and Sumitomo of America.
  • Absolute NNN lease; zero landlord responsibilities.
  • Strong demographics: 89,172 population within a 3-mile radius, $95,032 average household income.
  • Rent increases every 5 years based on CPI, capped at 12%.
  • Prime location near Citrus Park Mall and Walmart Supercenter, within a densely populated area.

Property Details for 6602 Gunn Hwy

Property type
Retail properties, Auto shops
Square Feet
6,922 SF
Class
A
Lot Size (sq. ft)
51,836 SF

Location Insight

City
Tampa
County
Hillsborough
State
Florida
Latitude
28.065187944615
Longitude
-82.562279253545
6602 Gunn 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].
6602 Gunn 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