1080 Keene Rd Dunedin, FL 34698-6300

Property Details for 1080 Keene Rd

Year built

1998

Construction

CONCRETE BLOCKS

Lot size

1.10 lot acres

Property size

4,380 SF

Property type

Banks

APN

26-28-15-00000-410-0120

APU

262815000004100120

Description

This exceptional investment opportunity presents a fee-simple, single-tenant, net-leased retail property occupied by Bank of America. Located at 1080 Keene Rd, Dunedin, FL 34698, this 4,400 square foot building sits on a 1.1-acre lot and boasts 20 parking spaces. The property features a Class B building constructed in 1998, with a single story. The current lease, commenced July 23, 1997, has a remaining term of approximately 3.3 years, expiring February 29, 2028, with six 5-year renewal options. The tenant, Bank of America, is credit-rated, ensuring a secure investment. The property enjoys a 100% occupancy rate since July 23, 1998. The current Net Operating Income (NOI) is $143,000, with a pro-forma NOI of $150,150, resulting in a current cap rate of 5.50% and a pro-forma cap rate of 5.78%. The asking price is $2,600,000, translating to a price per square foot of $590.91. The lease includes 5% rent bumps. The property's strategic location near the intersection of Main Street and Keene Road, two high-traffic thoroughfares, provides excellent visibility and accessibility. This is a rare opportunity to acquire a well-established, stable investment with a strong tenant and significant upside potential. The Pinellas County property (APN: 26-28-15-00000-410-0120) offers a secure and profitable investment in a thriving Florida market.

Location Insight

City

Dunedin

County

Pinellas

State

Florida

Longitude

-82.7641

Latitude

28.0184

CBSA code

45300

CBSA name

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

Property Tax & Assessments