5710 Waters AveTampa, FL 33634

Property Details for 5710 Waters Ave

Year built

2016

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.32 AC

Property size (Sq ft)

2,130 SF

Zone code

CI

Property type

Retail properties

Property subtype

Retail space

APN

U302818ZZZ000000992100

APU

U302818ZZZ000000992100

Description

This exceptional investment opportunity presents a 2,130-square-foot freestanding retail storefront located at 5710 W Waters Ave, Tampa, FL 33634. The property boasts a 5.71% cap rate and is currently 100% occupied by a single tenant under a triple-net (NNN) lease. The lease has approximately two years remaining, with a five-year option. Situated on a prominent corner lot at the intersection of W. Waters Avenue and Veterans Expressway, two major thoroughfares in Hillsborough County, this location ensures high visibility and accessibility. Built in 2016, the building offers excellent condition and benefits from its position within a high-traffic area. The tenant is a well-established, large-scale operator with a significant presence in the market. This property presents a compelling investment opportunity due to its strong tenant, favorable lease terms, and prime location in a thriving Tampa market. The below-market rent provides significant upside potential for future income growth. This is a rare chance to acquire a stable, high-performing retail asset with considerable long-term value.

• CAP approach

  CAP return

  Valuation

  6%

  $897,457

  6.5%

  $828,422

  7%

  $769,249

• Comparable approach

  Method

  Valuation

  Relative Method

  $980,285

  Geo Method

  $980,285

• Alternative Use

  Use

  Valuation

  Residential

  $698,805

  Hospitality

  $640,102

  Educational

  $532,557

  Medical

  $550,872

  Retail

  $828,422

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

28.0252

Longitude

-82.5434

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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