10705 Hannaway Dr Riverview, FL 33578
- Retail space
- 6,976 SF
- 1.03 lot acres
Current Use by Public Records
- O'Reilly Auto Parts / Truck Accessories Store / Auto Parts Store
Property Details for 10705 Hannaway Dr
- Year built
- 2015
- Construction
- STEEL FRAME
- Lot size
- 1.03 lot acres
- Property size
- 6,976 SF
- Zone code
- RDD-DT2
- Property type
- Retail space
- APN
- U1730202RFS00000000004
- APU
- U1730202RFS00000000004
Description
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.
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
- Riverview
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.3263
- Latitude
- 27.8749
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
