10377 County Line Rd Spring Hill, FL 34609-5623
Property profile & analytics
10377 County Line Rd Spring Hill, FL 34609-5623
- Auto shops
- 3,000 SF
- 0.59 lot acres
Property ID
US18-2740998
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Auto shops
Property Details for 10377 County Line Rd
- Year built
- 2000
- Construction
- BRICK
- Lot size
- 0.59 lot acres
- Property size
- 3,000 SF
- Property type
- Auto shops
- APN
- R31-223-18-3522-00C0-0000
- APU
- R3122318352200C00000
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new (2024) Chipotle restaurant located at 10377 County Line Rd, Spring Hill, FL 34609. The property boasts a 2,489 square foot building situated on a 0.59-acre lot within the Seven Hills Center, a thriving neighborhood center anchored by Publix and featuring other national tenants like Starbucks and UPS. This single-tenant, absolute NNN lease with Chipotle Mexican Grill, Inc. (NYSE: CMG) offers a secure, long-term investment with a rare 20-year initial term and four 5-year renewal options. The lease includes a 10% rent increase every five years, providing built-in protection against inflation and significant NOI growth. The property benefits from a strong location, less than half a mile from Tampa General Hospital - Spring Hill, and is surrounded by several residential neighborhoods, ensuring consistent customer traffic. The asking price is $4,442,000, representing a 4.30% cap rate and a current NOI of $191,000. The 100% occupancy and credit-rated tenant provide exceptional stability and confidence in this investment. The property's demographics are equally compelling, with a 5-mile trade area boasting over 107,000 residents and 16,000 employees, and an average household income exceeding $81,115 within a 1-mile radius. Spring Hill's population is experiencing robust growth, projected to increase by 5.5% between 2025 and 2030. This is a truly exceptional opportunity to acquire a high-performing, low-maintenance asset in a rapidly growing market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,110,000
- ML approach
- $3,380,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Spring Hill
- County
- Hernando
- State
- Florida
- Longitude
- -82.5468
- Latitude
- 28.4343
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$8,369
$419,530
$131,505
$551,035
-
$367,479
$183,556
$551,035
