4250 78Th StTampa, FL 33619

Property Details for 4250 78Th St

Year built

2020

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.29 AC

Property size (Sq ft)

3,288 SF

Zone code

PD

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

U362919663000001658300

APU

U362919663000001658300

Description

This exceptional fee-simple investment opportunity presents a 4,081 square foot 7-Eleven convenience store and gas station located at 4250 S 78th St, Tampa, FL 33619. Built in 2020, the property sits on a 1.29-acre lot with twelve gas pumps and boasts a top 4% national foot traffic ranking (Alpha Maps). The absolute NNN lease with a credit-rated corporate guarantor (7-Eleven, Wawa, Circle K, QuikTrip, Speedway) provides a secure, long-term investment with a remaining lease term of 10.5 years expiring April 30, 2035, and four 5-year renewal options. Rent increases by 10% every five years, offering inflation protection. The property generates a Net Operating Income (NOI) of $156,796, resulting in a 4.50% cap rate and a price per square foot of $853.96. The Tampa MSA location, within a high-density area with over 155,000 residents within 5 miles and 773,000 within 10 miles, benefits from consistent population growth and numerous new residential developments. The property's prime location on a hard signalized corner with easy access from both cross streets further enhances its appeal. This offering is eligible for bonus depreciation. The asking price is $3,485,000.

• CAP approach

  CAP return

  Valuation

  6%

  $997,864

  6.5%

  $921,105

  7%

  $855,312

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,513,228

  Geo Method

  $1,513,228

• Alternative Use

  Use

  Valuation

  Residential

  $776,987

  Hospitality

  $711,716

  Educational

  $592,139

  Medical

  $612,504

  Retail

  $921,105

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.9089

Longitude

-82.3681

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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