3600 Waters Ave Tampa, FL 33614-2718
- Grocery and convenience stores
- 5,699 SF
- 2.19 lot acres
Jan 05, 2021
Current Use by Public Records
- Circle K / Convenience Store
Property Details for 3600 Waters Ave
- Year built
- 2022
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.19 lot acres
- Property size
- 5,699 SF
- Zone code
- CI
- Property type
- Grocery and convenience stores
- APN
- U282818D0R000000000010
- APU
- U282818D0R000000000010
Description
This exceptional investment opportunity presents a brand-new, 5,476 square foot Circle K gas station situated on a 2.19-acre lot in Tampa, Florida. Built in 2022, this property boasts a 13-year remaining lease term (expiring 11/30/2037) with a credit-rated tenant under an absolute NNN lease. The lease includes 5% rent bumps every five years and six 5-year renewal options, ensuring long-term stability and appreciation. Located at a high-traffic, signalized intersection averaging 65,000 vehicles per day, this property benefits from its proximity to Interstate 275 (4 miles, 188,000 VPD). The property's exceptional location is further validated by a top Placer.ai ranking (77th percentile), indicating high performance. The asking price is $2,850,000, representing a 5.00% cap rate and a current NOI of $142,500. This prime Tampa location, ranked #1 in Florida by Forbes, offers significant growth potential within a thriving market. The property's address is 3600 W Waters Ave, Tampa, FL 33614, APN U-28-28-18-D0R-000000-00001.0. This is a rare opportunity to acquire a high-performing asset in a rapidly growing market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tampa
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.5014
- Latitude
- 28.0247
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
