NNN Ground Lease
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For Sale
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2361 Gunn Hwy, Odessa, FL 33556
The property is subject to an absolute NNN ground lease with scheduled rent increases and renewal options.
Property Size800 SF
Price / SF$1,562
Days on Market5
Property Features for 2361 Gunn Hwy
General Information
Standard status
Active
Size
800 SF
Property subtype
RETAIL
Listing Agency:
Matthews Real Estate Investment Services | Atlanta
(866) 889-0550
Listed By:
Grant Morgan · License #430218(GA)
(404) 536-1504
Source:
Moodyscre
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 2:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services | Atlanta
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Investment Insights
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This 800-square-foot NNN property is subject to a 15-year fee-simple ground lease structured on an absolute NNN basis. The lease includes two 5-year renewal options, with 10% rent increases every five years during the base term and option periods. The property is an outparcel to a Lowe’s Home Improvement store that opened in Q4 2024.
At the intersection of State Highway 54 and Gunn Highway, the site is estimated to receive exposure to approximately 77,000 vehicles per day. The surrounding area includes 28,713 residents within 3 miles and 67,776 within 5 miles. Forecast population growth by 2030 is 15.1% within 3 miles and 11.4% within 5 miles. Average household income across 25,819 households within 5 miles is $138,500. Odessa is approximately 25 minutes from Tampa.
At the intersection of State Highway 54 and Gunn Highway, the site is estimated to receive exposure to approximately 77,000 vehicles per day. The surrounding area includes 28,713 residents within 3 miles and 67,776 within 5 miles. Forecast population growth by 2030 is 15.1% within 3 miles and 11.4% within 5 miles. Average household income across 25,819 households within 5 miles is $138,500. Odessa is approximately 25 minutes from Tampa.
Key Highlights
- 15‑year fee‑simple ground lease with absolute NNN structure
- Two 5‑year renewal options
- 10% rent increases every 5 years during the base term and option periods
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Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
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Business Placement
Demographics for 33556, FL
30,547
Population
12,333
Households
2.5
Avg Household Size
42
Median Age
55%
College-Educated
97%
High-School Grad
60.3 sq mi
ZIP Area
507
Density / Sq Mi
$151,034
Median Household Income
$71,711
Median Earnings
$1,744
Median Rent
$589,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
NNN property - The property is subject to an absolute NNN ground lease with scheduled rent increases and renewal options.
Where is this nnn property located?
The property is located at 2361 Gunn Hwy Odessa, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 15‑year fee‑simple ground lease with absolute NNN structure; Two 5‑year renewal options; 10% rent increases every 5 years during the base term and option periods
