16135 Us-301Dade City, FL 33523

Property Details for 16135 Us-301

Year built

1977

Lot size

2.11 AC

Property size (Sq ft)

2,400 SF

Property type

Retail properties

Property subtype

Gas stations

Description

This exceptional investment opportunity presents a 2,400-square-foot Amoco gas station situated on a 2.11-acre lot in Dade City, Florida, at 16135 US-301, zip code 33523. The property boasts a 20-year absolute NNN lease with a built-in 10% rent increase every five years, ensuring consistent income growth. The single-tenant building, constructed in 1977 and renovated in 1988, enjoys 100% occupancy and generates a substantial net operating income (NOI) of $264,375, representing a 7.50% cap rate. The asking price is $3,525,000, translating to $1,468.75 per square foot. The property benefits from its strategic location on US Route 301, a high-traffic area with over 22,500 vehicles per day, approximately 40 miles northeast of Tampa and 60 miles west of Orlando. The lease includes two, five-year renewal options. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term potential.

Location Insight

City

Dade City

County

Pasco

State

Florida

Latitude

28.3932

Longitude

-82.1955

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