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Property profile & analytics
OFF-MARKET
Warehouses

0 County Road 54 Zephyrhills, FL 33542

52,000 SF 7.82 ac lot Built 1981
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a 52,000-square-foot single-tenant industrial warehouse in Zephyrhills, Florida, within the robust Tampa MSA. The property, built in 1981, sits on a 7.82-acre lot and boasts 24-foot ceilings, two dock-high doors, and ample parking for 86 vehicles. Currently 100% occupied by Century Boats, a leading luxury fishing boat manufacturer, under a 10-year absolute NNN lease with a corporate guarantee, this sale-leaseback offers a secure, passive income stream. The lease features a $9.15/SF annualized rate with 3% annual rent increases and two five-year extension options. The property's strategic location near US 301 and less than 40 miles from Port Tampa Bay provides excellent access to transportation networks. The substantial lot size allows for future expansion, and adjacent railroad tracks offer potential for railway access. With a current NOI of $476,000 and an asking price of $5,300,000, this offering presents a compelling 9% cap rate. Century Boats, established in 1926, occupies the building as its sole manufacturing facility, demonstrating its mission-critical nature. The company's substantial order backlog positions it for significant future growth. This property represents a rare opportunity to acquire a high-quality industrial asset in a thriving market with a long-term, secure tenant.

Property profile
Verified
Property type Warehouses
Year built 1981
Total area 52,000 SF
Lot 7.82 ac (340,639 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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