5717 Gunn HwyTampa, FL 33625

Property Details for 5717 Gunn Hwy

Year built

1994

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

5.18 AC

Property size (Sq ft)

2,788 SF

Zone code

PD

Property type

Office properties

Property subtype

Other office properties

APN

U072818B6N000000C00000

APU

U072818B6N000000C00000

Description

This exceptional retail investment opportunity presents a 9,329 square foot, multi-tenant property located at 5717 Gunn Highway in Tampa, Florida, within Hillsborough County, zip code 33625. The property, a single-building complex, boasts 100% occupancy with five tenants, including Chase Bank. The property features a total of four units, and underwent renovations in 2021. This is an absolute NNN lease structure, offering a strong 7.03% cap rate and a substantial net operating income (NOI) of $196,874. The asking price is $2,800,000, translating to a price per square foot of $300.14. The property is classified as a retail condo, encompassing restaurant, shopping center, and storefront subtypes. Importantly, Esporta and Walgreens are not included in this sale. Rent bumps are included in the lease agreements, ensuring future income growth. This is a prime opportunity for investors seeking a stable, high-performing retail asset in a desirable Tampa location. The property's strong tenant mix and favorable lease terms make it an attractive investment with significant potential for long-term returns. The property's location offers excellent visibility and accessibility, contributing to its high occupancy rate.

• CAP approach

  CAP return

  Valuation

  6%

  $514,263

  6.5%

  $474,705

  7%

  $440,797

• Comparable approach

  Method

  Valuation

  Relative Method

  $509,172

  Geo Method

  $509,172

• Alternative Use

  Use

  Valuation

  Residential

  $588,634

  Hospitality

  $539,185

  Educational

  $448,596

  Medical

  $464,024

  Retail

  $697,816

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

28.0628

Longitude

-82.543

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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