1273 Commercial Way Spring Hill, FL 34606-4533
This exceptional investment opportunity presents a fee-simple ownership of a 1,686 square foot Take 5 Oil Change located at 1273 Commercial Way, Spring Hill, FL 34606. The property sits on a sizable 0.86-acre lot and benefits from a 15-year absolute triple-net (NNN) lease, commencing October 11, 2022, and expiring October 11, 2037. The lease includes four, 5-year renewal options with a 10% rent increase every five years, providing a built-in hedge against inflation. The current annual net operating income (NOI) is $139,000, resulting in a 5.50% capitalization rate. Built in 2022, this single-story building enjoys 100% occupancy. The property's strategic location in a high-traffic area, adjacent to US-19 and near major retailers like Aldi, Walmart, and Publix, ensures strong tenant performance. The robust local population growth, with an 11.5% increase within a 5-mile radius since 2010, further enhances the investment's long-term potential. The asking price is $2,527,000, translating to $1,498.81 per square foot. This offering presents a rare opportunity to acquire a high-performing, low-maintenance retail investment with significant upside potential. The property qualifies for bonus depreciation
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.