4301 Hillsborough AveTampa, FL 33614

Property Details for 4301 Hillsborough Ave

Year built

1945

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.68 AC

Property size (Sq ft)

2,400 SF

Zone code

CI

Property type

Manufacturing properties

APN

A04291949D000004000010

APU

A04291949D000004000010

Description

This exceptional investment opportunity presents a fee-simple ownership of a 7-Eleven convenience store and gas station located at 4301 W Hillsborough Ave, Tampa, FL 33614. The property boasts a 4,040 square foot building on a 15-year absolute NNN lease (with 6.3 years remaining and four 5-year renewal options) that commenced March 28, 2016, and expires March 27, 2031. The lease includes built-in rent bumps, providing a hedge against inflation. The tenant, 7-Eleven, a credit-rated company, is a premier name in the convenience-retailing industry. The property benefits from a high-traffic location directly off Hillsborough Avenue (68,500 vehicles per day), situated in a dense retail corridor with numerous national brands including McDonald's, Walgreens, and others. Its proximity to Tampa International Airport (over 1,065,580 yearly flights) and two large business parks further enhances its desirability. The property's strong performance is reflected in its 5.20% cap rate and $181,500 net operating income (NOI). The building underwent renovations in 2017. This location ranks in the top 72% of all gas stations and convenience stores nationwide. The asking price is $3,490,000. The property's APN is 102938-0056.

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.9957

Longitude

-82.4097

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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