3201 E Hillsborough Ave Tampa, FL 33614

This net-leased Church’s Chicken is located at 3201 E Hillsborough Avenue in Tampa, Florida, approximately five miles from downtown Tampa. The property features a 1,224-square-foot free-standing building with a drive-thru, recently renovated to the tenant’s newest prototype. Positioned at the corner of North 32nd Street and East Hillsborough Avenue, the property benefits from high visibility, with over 50,927 vehicles per day. East Hillsborough Avenue (State Road 580) is a major east-west arterial road, connecting key neighborhoods and serving as a commercial corridor. The location provides access to I-275, I-4, and U.S. Route 301. The surrounding area includes national and regional retailers such as Walmart, Publix, AutoZone, Walgreens, McDonald’s, Arby’s, Denny’s, Wawa, and Dunkin’. The area has a dense population, with more than 110,000 full-time residents within a three-mile radius. Church’s Chicken originally entered into a 20-year absolute net lease in 2005. In 2024, the tenant exercised its option to extend, securing the current lease term through December 27, 2034. The lease features 1.5% annual rent increases and one ten-year renewal option.