13702 Walsingham RdLargo, FL 33774

Property Details for 13702 Walsingham Rd

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.78 AC

Property size (Sq ft)

3,584 SF

Property type

Drive through restaurants

APN

18-30-15-00000-110-0100

APU

183015000001100100

Description

This exceptional investment opportunity presents a brand-new, 6,136 square foot Mavis Tires & Brakes located at 13702 Walsingham Rd, Largo, FL 33774. Built in 2024, this property represents the tenant's latest prototype design, featuring seven service bays and ample parking. The property sits on a 0.78-acre lot in a high-traffic area with over 27,000 vehicles passing daily. The absolute NNN lease structure ensures minimal landlord responsibilities, with a substantial 20-year term commencing March 1, 2024, and expiring February 29, 2044. The lease includes three five-year renewal options, each with a 10% rent increase, providing built-in inflation protection. The current annual net operating income (NOI) is $175,000, resulting in a 5.00% cap rate and a price per square foot of $570.40. Mavis Tires & Brakes, a credit-rated tenant, is a leading independent automotive service business with over 2,300 locations nationwide. The property benefits from its location in a thriving community with an average household income exceeding $91,720 within a three-mile radius and a population exceeding 80,180 within the same area. Nearby national retailers include Walmart, Publix, Walgreens, CVS, and many more, ensuring high visibility and strong customer traffic. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with significant long-term growth potential in a prime Florida location. The asking price is $3,500,000.

Location Insight

City

Largo

County

Pinellas

State

Florida

Latitude

27.8799

Longitude

-82.8287

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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