Current Use by Public Records
- Retail properties & Spaces
Property Details for 16135 Us-301
- Year built
- 1977
- Lot size
- 2.11 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Gas stations
Description
This exceptional investment opportunity presents a 2,400-square-foot Amoco gas station situated on a 2.11-acre lot in Dade City, Florida, at 16135 US-301, zip code 33523. The property boasts a 20-year absolute NNN lease with a built-in 10% rent increase every five years, ensuring consistent income growth. The single-tenant building, constructed in 1977 and renovated in 1988, enjoys 100% occupancy and generates a substantial net operating income (NOI) of $264,375, representing a 7.50% cap rate. The asking price is $3,525,000, translating to $1,468.75 per square foot. The property benefits from its strategic location on US Route 301, a high-traffic area with over 22,500 vehicles per day, approximately 40 miles northeast of Tampa and 60 miles west of Orlando. The lease includes two, five-year renewal options. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term potential.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Dade City
- County
- Pasco
- State
- Florida
- Longitude
- -82.1955
- Latitude
- 28.3932
