12204 Balm Riverview Rd Riverview, FL 33579-6701

Property Details for 12204 Balm Riverview Rd

Year built

2020

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.88 lot acres

Property size

3,240 SF

Zone code

PD

Property type

Grocery and convenience stores

APN

U0331202U7000001000490

APU

U0331202U7000001000490

Description

This exceptional Class A retail investment opportunity presents a 7-Eleven convenience store with an attached car wash, situated on a 1.87-acre lot in Riverview, Florida. The property boasts a 15-year Absolute NNN lease with 10.7 years remaining, commencing August 1, 2020, and expiring August 1, 2035. The lease includes a corporate guarantee from 7-Eleven, Inc., and features 10% rent bumps every five years, covering both the primary term and options. The 3,010 square foot building, constructed in 2020, enjoys 100% occupancy and generates a substantial NOI of $314,856, representing a 4.90% cap rate and a price per square foot of $2,134.88. The property includes eight gas pumps and benefits from a high-traffic location on a hard corner, experiencing over 29,500 vehicles per day. Located minutes from Tampa, this asset offers significant upside potential due to its prime location in a rapidly growing area, Riverview, recently recognized as one of the best small cities to live in by CNN Money. The asking price is $6,426,000. Bonus depreciation and assumable debt are available.

Location Insight

City

Riverview

County

Hillsborough

State

Florida

Longitude

-82.297

Latitude

27.821

CBSA code

45300

CBSA name

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

Property Tax & Assessments