For Sale
$6,372,000

2371 Shell Point RdRuskin, FL 33570

High-Yield NNN Lease Investment, Florida

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a fee-simple 7-Eleven convenience store and car wash located at 2371 E Shell Point Rd, Ruskin, FL 33570. The property boasts a substantial 3,010 square foot building situated on a 1.5-acre lot, featuring eight gas pumps. Built in 2020, this Class A retail asset is currently operating under a 15-year Absolute NNN lease with 11 years remaining, commencing November 1, 2020, and expiring November 1, 2035. The lease includes a corporate guarantee from 7-Eleven, providing significant tenant credit strength. The current annual net operating income (NOI) is $312,213, resulting in a 4.90% cap rate. Rent increases are structured with a 10% bump every five years, ensuring future income growth. The asking price is $6,372,000, translating to $2,116.94 per square foot. This high-traffic location, situated on a hard corner with over 11,000 vehicles passing daily, is less than 20 miles from Downtown Tampa. The property is eligible for bonus depreciation, and assumable debt is available. This is a rare opportunity to acquire a strong-performing, passively managed investment with significant upside potential. 100% occupancy ensures immediate cash flow.

Highlights

  • Fee-simple 7-Eleven & car wash on 1.5-acre lot in Ruskin, FL.
  • 3,010 SF building with 8 gas pumps, built in 2020.
  • 15-year Absolute NNN lease with 7-Eleven corporate guarantee; 11 years remaining.
  • $312,213 annual NOI, 4.90% cap rate; 10% rent bumps every 5 years.
  • $6,372,000 asking price ($2,116.94/SF); high-traffic corner location near Tampa.

Property Details for 2371 Shell Point Rd

Property type
Retail properties, Retail space
Square Feet
3,010 SF
Class
A
Year Built
2020
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Ruskin
County
Hillsborough
State
Florida
Latitude
27.7204623
Longitude
-82.4054137
2371 Shell Point Rd, Ruskin, 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].
2371 Shell Point Rd
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