12204 Balm Riverview Rd, Riverview, FL 33579-6701
- Grocery and convenience stores
- 3,240 SF
- 1.88 lot acres
Current Use by Public Records
- 7-Eleven / Grocery & Convenience Store
- Mobil / Gas Station
- PNC Bank ATM / Atm
Property Details for 12204 Balm Riverview Rd
- Year built
- 2020
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.88 lot acres
- Zone code
- PD
- Property type
- Grocery and convenience stores
- APN
- U0331202U7000001000490
- APU
- U0331202U7000001000490
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 29, 2020 | $5,782,282 | Qm Riverview LLC | Emg Balm Riverview LLC | Special Warranty Deed | $4M · Ocean Bank |
| Aug 15, 2019 | $495,000 | Emg Balm Riverview LLC | John B Noriega | Warranty Deed | $3.4M · Cogent Bank |
| Feb 9, 1998 | $30,000 | Sands,robert & Ellen | Cedar Acres INC | Trustees Deed | — |
| Feb 9, 1998 | — | Teresa J Sands | Sands,robert S & Ellen G | Quit Claim Deed · related | $79k · Full Spectrum Lending INC |
| — | — | Noriega,john B | — | Loan Modification · related | — |
| — | — | Teresa J Sands | — | Deed Of Trust · related | $95k · Full Spectrum Lending INC |
Description
This exceptional Class A retail investment opportunity presents a 7-Eleven convenience store with an attached car wash, situated on a 1.87-acre lot in Riverview, Florida. The property boasts a 15-year Absolute NNN lease with 10.7 years remaining, commencing August 1, 2020, and expiring August 1, 2035. The lease includes a corporate guarantee from 7-Eleven, Inc., and features 10% rent bumps every five years, covering both the primary term and options. The 3,010 square foot building, constructed in 2020, enjoys 100% occupancy and generates a substantial NOI of $314,856, representing a 4.90% cap rate and a price per square foot of $2,134.88. The property includes eight gas pumps and benefits from a high-traffic location on a hard corner, experiencing over 29,500 vehicles per day. Located minutes from Tampa, this asset offers significant upside potential due to its prime location in a rapidly growing area, Riverview, recently recognized as one of the best small cities to live in by CNN Money. The asking price is $6,426,000. Bonus depreciation and assumable debt are available.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,820,000
- ML approach
- $7,105,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Riverview
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.297
- Latitude
- 27.821
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
