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    10705 Hannaway Dr Riverview, FL 33578

    Sponsored
    For Sale
    $2,500,000

    High-Yield O'Reilly's Auto Parts NNN Lease

    Property size:
    6,049 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a free-standing, single-tenant retail building perfectly situated in Riverview, Florida. The property, totaling 6,049 square feet, is 100% occupied by O'Reilly Auto Parts under a triple-net (NNN) lease with a substantial remaining term of 11.1 years, expiring December 31, 2035. The building, constructed in 2015, sits on a 0.51-acre lot and boasts a desirable location at 10705 Hannaway Dr, Riverview, FL 33578, within the RDD-DT2 zoning district. The current asking price is $2,500,000, representing a compelling price per square foot of $413.29 and a strong 5.15% capitalization rate based on a current Net Operating Income (NOI) of $128,656. This stabilized investment offers significant long-term income potential with a projected increase in NOI. The property is ideal for investors seeking a secure, passive income stream from a nationally recognized tenant in a thriving retail market. The single-story building provides convenient access and ample parking. This is a 1031 exchange eligible property.

    Property Features for 10705 Hannaway Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,049 SF
    Lot Size
    22,216 SF

    Building Details

    Year Built
    2015
    Stories
    1
    Units
    1

    HighLights

    • 6,049 SF free‑standing retail building in Riverview, FL.
    • 100% occupied by O'Reilly Auto Parts under a NNN lease with 11.1 years remaining (expiring 12/31/2035).
    • $2,500,000 asking price; $413.29/SF; 5.15% cap rate based on $128,656 NOI.
    • Located on a 0.51‑acre lot at 10705 Hannaway Dr, Riverview, FL 33578 (RDD‑DT2 zoning).
    • Built in 2015; 1031 exchange eligible.
    Property Profile Location Intelligence

    Current Use by Public Records

    O'Reilly Auto Parts Auto Parts Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Riverview
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.326396854677
    Latitude
    27.875185929849

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield O'Reilly's Auto Parts NNN Lease
    Where is this individual retail property located?
    The property is located at 10705 Hannaway Dr Riverview, FL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 6,049 SF free-standing retail building in Riverview, FL.; 100% occupied by O'Reilly Auto Parts under a NNN lease with 11.1 years remaining (expiring 12/31/2035).; $2,500,000 asking price; $413.29/SF; 5.15% cap rate based on $128,656 NOI.
    Request Owner's contact information
    10705 Hannaway Dr Riverview, FL 33578
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    Riverview, FL 33578
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10705 Hannaway Dr Riverview, FL 33578
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