Single-Tenant Speedway Gas
47407 Commercial Way Spring Hill, FL 34606
47407 Commercial Way, Spring Hill, FL, 34606
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For Sale
Contact for pricing
Pending
Fee-simple Speedway on a hard corner with an absolute net lease and Speedway corporate guarantee.
Days on Market101
Property Features for 47407 Commercial Way
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
CrownPoint Partners
Listed by
Shannon Bona · License #BK3629909
Source
Crexi
Added: Apr 12 Updated: Jul 21 at 12:22AM Checked: Jul 21 at 12:22AM
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Investment Insights
Based on property information with market context.
Graystone Capital Advisors presents for sale the fee-simple interest in a single-tenant Speedway gas station located at the hard corner of Breakwater Boulevard and Commercial Way in Spring Hill, Florida.
The property is offered under an absolute net lease with more than 12 years remaining and zero landlord responsibilities. The current lease term includes an early extension executed by the tenant, bringing the lease expiration to August 31, 2036, with 10% increases every 5 years. The lease also includes a corporate guarantee from Speedway, which is owned by 7-Eleven.
The tenant has operated at the location since 1996. The site is positioned on a heavily traveled retail corridor, with over 46,000 vehicles passing the site daily on Commercial Way alone. Adjacent properties include Lakewood Plaza anchored by Publix and Target, and Home Depot is adjacent to the northeast.
The property is offered under an absolute net lease with more than 12 years remaining and zero landlord responsibilities. The current lease term includes an early extension executed by the tenant, bringing the lease expiration to August 31, 2036, with 10% increases every 5 years. The lease also includes a corporate guarantee from Speedway, which is owned by 7-Eleven.
The tenant has operated at the location since 1996. The site is positioned on a heavily traveled retail corridor, with over 46,000 vehicles passing the site daily on Commercial Way alone. Adjacent properties include Lakewood Plaza anchored by Publix and Target, and Home Depot is adjacent to the northeast.
Key Highlights
- Fee‑simple interest in a single‑tenant Speedway in Spring Hill, FL.
- Absolute Net lease structure with zero landlord responsibilities and over 12 years remaining.
- Lease currently extends through August 31, 2036, after a 10‑year early extension; original lease up in 2026.
Property Analytics
Location Intelligence
Current Use by Public Records
Gas stations
Similar For Sale Nearby
FAQs
What type of property is this?
Gas station - Fee-simple Speedway on a hard corner with an absolute net lease and Speedway corporate guarantee.
Where is this gas station located?
The property is located at 47407 Commercial Way Spring Hill, FL.
What are key features of this property?
This property features: Fee‑simple interest in a single‑tenant Speedway in Spring Hill, FL.; Absolute Net lease structure with zero landlord responsibilities and over 12 years remaining.; Lease currently extends through August 31, 2036, after a 10‑year early extension; original lease up in 2026.
