6331 Waters AveTampa, FL 33634

Property Details for 6331 Waters Ave

Lot size

0.71 AC

Zone code

PD

Property type

Commercial land

APN

U242817D1M000000000020

APU

U242817D1M000000000020

Description

This exceptional investment opportunity presents a 2,500 square foot Pollo Campero restaurant located at 6331 W Waters Ave, Tampa, FL 33634. The property is a 15-year absolute NNN ground lease with a 5.00% cap rate and a strong NOI of $177,500. Rent increases by 10% every five years, providing significant long-term growth potential. The property boasts a prime location in a high-traffic area, adjacent to a Target and Lowe's anchored power center, and near major employers, including MacDill Air Force Base, Tampa International Airport, and the University of South Florida. The hard corner location at a signalized intersection sees 61,855 cars daily, further enhancing visibility and accessibility. This single-tenant, 100% occupied property offers a secure, passive income stream backed by a corporate guarantor of a well-established, internationally recognized brand with over 400 locations worldwide. The lease includes four, 5-year renewal options, ensuring long-term stability. Built in 2025, this investment is ideal for those seeking a low-risk, high-reward opportunity in a rapidly growing market. The property's proximity to major transportation arteries, including Veterans Expressway, ensures easy access for customers and employees. The surrounding area boasts a strong daytime population exceeding 139,100 employees within a 5-mile radius, guaranteeing a consistent customer base. This is a rare opportunity to acquire a well-positioned, high-performing asset in a thriving Tampa Bay market. The asking price is $3,550,000.

• Alternative Use

  Use

  Valuation

  Residential

  $10,079,851

  Hospitality

  $9,233,089

  Educational

  $7,681,822

  Medical

  $7,946,012

  Retail

  $11,949,500

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

28.0262

Longitude

-82.5504

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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