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    6602 Gunn Hwy Tampa, FL 33625

    Sponsored
    For Sale
    $3,934,736

    High-yield auto shop investment. Strong tenant, long lease.

    Property size:
    6,922 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Class A retail investment opportunity presents a 6,922 square foot Tire Kingdom located at 6602 Gunn Hwy, Tampa, FL 33625. The property sits on a 1.19-acre lot and is subject to a 25-year absolute NNN lease, with over 13.5 years remaining until August 7, 2037. The lease commenced December 17, 2012, and features rent bumps in 2028 based on the CPI, capped at 12%. The current asking price is $3,934,736.84, representing a 4.75% cap rate and a Net Operating Income (NOI) of $186,900. The property benefits from a strong location near Citrus Park Town Center and a Walmart Supercenter, within a densely populated area. This is a 1031 exchange eligible property offering minimal landlord responsibilities and significant long-term income potential. The tenant is Tire Kingdom, backed by a corporate guarantee from TBC Corporation and Sumitomo of America. The price per square foot is $568.44. This is an ideal investment for those seeking a stable, high-return, low-maintenance commercial property.

    Property Features for 6602 Gunn Hwy

    General Information

    Property type
    Automotive properties
    Square Feet
    6,922 SF
    Class
    A
    Lot Size
    51,836 SF

    HighLights

    • 13.5+ years remaining on a 25‑year absolute NNN lease.
    • Corporate guarantee from TBC Corporation and Sumitomo of America.
    • Absolute NNN lease; zero landlord responsibilities.
    • Strong demographics: 89,172 population within a 3‑mile radius, $95,032 average household income.
    • Rent increases every 5 years based on CPI, capped at 12%.
    • Prime location near Citrus Park Mall and Walmart Supercenter, within a densely populated area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tire Kingdom Tire Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.562279253545
    Latitude
    28.065187944615

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    FAQs

    What type of property is this?
    Automotive property - High-yield auto shop investment. Strong tenant, long lease.
    Where is this automotive property located?
    The property is located at 6602 Gunn Hwy Tampa, FL.
    What is the asking price?
    The asking price for this property is $3,934,736.
    What are key features of this property?
    This property features: 13.5+ years remaining on a 25-year absolute NNN lease.; Corporate guarantee from TBC Corporation and Sumitomo of America.; Absolute NNN lease; zero landlord responsibilities.
    Request Owner's contact information
    6602 Gunn Hwy Tampa, FL 33625
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    Tampa, FL 33625
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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
    6602 Gunn Hwy Tampa, FL 33625
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