Industrial Outdoor Storage with Billboard
5305 GARDEN LN Tampa, FL 33610
5305 GARDEN LN, Tampa, FL, 33610
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For Sale
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Fully tenanted outdoor storage asset with triple-net terms and a long-term billboard ground lease for supplemental income.
Property Size2,004 SF
Price / SF$823.35
Days on Market44
Property Features for 5305 GARDEN LN
General Information
- Standard status
- Active
- Size
- 2,004 SF
- Property subtype
- Industrial, Special Purpose
Building Details
- Year Built
- 1958
Listing Agency
Compass
(561) 232-7899
Listed by
Brad Kuskin · License #BK3333122
Source
Crexi
Added: Jun 3 Checked: Jul 15 at 4:18 pm
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 Compass
Investment Insights
Based on property information with market context.
The property is a fully tenanted industrial outdoor storage site operated by AutoBase LLC under the VMS Solutions brand, under an FDOT “Road Rangers” contract. The primary lease runs through February 2028 and includes an additional one-year tenant renewal option, structured triple-net with real estate taxes flowing to the tenant at 100%. Supplemental income is provided through a long-term billboard ground lease with Clear Channel Outdoor, featuring a guaranteed annual base rent plus a percentage of net advertising revenues, with inflation protection and auto-renewal mechanics extending the lease term effectively into perpetuity. The property is zoned CG (Commercial General) in unincorporated Hillsborough County.
The site is located directly on the Interstate 4 corridor with frontage along US Highway 92, approximately 6 miles east of downtown Tampa. It also sits immediately east of the Florida State Fairgrounds and the Seminole Hard Rock Hotel & Casino.
This offering is suited to buyers seeking a cash-flowing, multi-tenant outdoor industrial asset with a contractual tax structure and an additional billboard revenue component. Seller-facilitated access to AutoBase during due diligence may allow qualified buyers to explore negotiating an extension of the existing lease prior to closing. Given the current use as a regional fleet storage, dispatch, and crew staging facility, the tenancy includes significant relocation friction, and the CG zoning provides multiple future-use pathways if the buyer plans to reposition or expand within permitted commercial and light industrial parameters.
The site is located directly on the Interstate 4 corridor with frontage along US Highway 92, approximately 6 miles east of downtown Tampa. It also sits immediately east of the Florida State Fairgrounds and the Seminole Hard Rock Hotel & Casino.
This offering is suited to buyers seeking a cash-flowing, multi-tenant outdoor industrial asset with a contractual tax structure and an additional billboard revenue component. Seller-facilitated access to AutoBase during due diligence may allow qualified buyers to explore negotiating an extension of the existing lease prior to closing. Given the current use as a regional fleet storage, dispatch, and crew staging facility, the tenancy includes significant relocation friction, and the CG zoning provides multiple future-use pathways if the buyer plans to reposition or expand within permitted commercial and light industrial parameters.
Key Highlights
- Built in 1958 outdoor storage asset, fully tenanted under a triple‑net lease with AutoBase LLC (VMS Solutions/Road Rangers).
- Primary lease term runs through February 2028 with a one‑year renewal option; triple‑net structure with real estate taxes 100% tenant‑paid.
- Supplemental income from a long‑term Clear Channel Outdoor billboard ground lease with guaranteed annual base rent plus % of net advertising revenues.
Property Analytics
Property Profile
Location Intelligence
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FAQs
What type of property is this?
NNN property - Fully tenanted outdoor storage asset with triple-net terms and a long-term billboard ground lease for supplemental income.
Where is this nnn property located?
The property is located at 5305 GARDEN LN Tampa, FL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Built in 1958 outdoor storage asset, fully tenanted under a triple‑net lease with AutoBase LLC (VMS Solutions/Road Rangers).; Primary lease term runs through February 2028 with a one‑year renewal option; triple‑net structure with real estate taxes 100% tenant‑paid.; Supplemental income from a long‑term Clear Channel Outdoor billboard ground lease with guaranteed annual base rent plus % of net advertising revenues.
