11515 Us-301 Parrish, FL 34219
- Retail properties
- 12,672 SF
- 2.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 11515 Us-301
- Year built
- 2024
- Lot size
- 2.00 lot acres
- Property size
- 12,672 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a brand-new, 12,672 square foot retail property in Parrish, Florida. Located on a 2-acre lot with excellent visibility on US-301 (24,330 cars per day), the property features a Daybreak Market, a bank, convenience store, and gas station with 12 fuel pumps (24 fueling stations). The property boasts a 20-year absolute NNN lease with a creditworthy tenant (S&P BBB+, Moody's Baa1) that owns and operates the largest refinery in the United States. The lease includes 7% rent bumps every five years and four five-year renewal options, extending the lease to 2044. The property's strong location benefits from a 5-mile population of 72,191 and a 1-mile average household income of $122,588. Built in 2024, this single-story building offers a 6.00% cap rate and a substantial NOI of $707,038. The asking price is $11,784,000. The property is zoned C and qualifies for bonus depreciation, allowing for accelerated depreciation of 60% of building and improvements in the first year (buyer to verify). This fee-simple ownership (land and building) presents a compelling investment opportunity with significant long-term potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Parrish
- County
- Manatee
- State
- Florida
- Longitude
- -82.4418
- Latitude
- 27.5608
