For Sale
$2,527,000

1273 Commercial WaySpring Hill, FL 34606

Take 5 Oil Change, NNN Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a fee-simple ownership of a 1,686 square foot Take 5 Oil Change located at 1273 Commercial Way, Spring Hill, FL 34606. The property sits on a sizable 0.86-acre lot and benefits from a 15-year absolute triple-net (NNN) lease, commencing October 11, 2022, and expiring October 11, 2037. The lease includes four, 5-year renewal options with a 10% rent increase every five years, providing a built-in hedge against inflation. The current annual net operating income (NOI) is $139,000, resulting in a 5.50% capitalization rate. Built in 2022, this single-story building enjoys 100% occupancy. The property's strategic location in a high-traffic area, adjacent to US-19 and near major retailers like Aldi, Walmart, and Publix, ensures strong tenant performance. The robust local population growth, with an 11.5% increase within a 5-mile radius since 2010, further enhances the investment's long-term potential. The asking price is $2,527,000, translating to $1,498.81 per square foot. This offering presents a rare opportunity to acquire a high-performing, low-maintenance retail investment with significant upside potential. The property qualifies for bonus depreciation

Highlights

  • Take 5 Oil Change in Spring Hill, FL, within the Tampa MSA.
  • Absolute triple-net (NNN) lease with zero landlord responsibilities.
  • 0.86-acre corner lot at a hard corner.
  • Robust population growth: 11.5% increase within a 5-mile radius since 2010.
  • 10% rent increases every five years, hedging against inflation.
  • Dense retail area with 957,000 square feet of retail within one mile.

Property Details for 1273 Commercial Way

Property type
Retail properties, Auto shops
Square Feet
1,686 SF
Year Built
2022
Stories
1
Lot Size (sq. ft)
37,462 SF
Units
1

Location Insight

City
Spring Hill
County
Hernando
State
Florida
Latitude
28.451255
Longitude
-82.632238
1273 Commercial Way, Spring Hill, 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].
1273 Commercial Way
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