4250 78Th St Tampa, FL 33619
- Grocery and convenience stores
- 3,288 SF
- 1.29 lot acres
Current Use by Public Records
- Amazon Locker - Refreshments / Shipping And Mailing Service
- 7-Eleven / Gas Station
Property Details for 4250 78Th St
- Year built
- 2020
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.29 lot acres
- Property size
- 3,288 SF
- Zone code
- PD
- Property type
- Grocery and convenience stores
- APN
- U362919663000001658300
- APU
- U362919663000001658300
Description
This exceptional fee-simple investment opportunity presents a 4,081 square foot 7-Eleven convenience store and gas station located at 4250 S 78th St, Tampa, FL 33619. Built in 2020, the property sits on a 1.29-acre lot with twelve gas pumps and boasts a top 4% national foot traffic ranking (Alpha Maps). The absolute NNN lease with a credit-rated corporate guarantor (7-Eleven, Wawa, Circle K, QuikTrip, Speedway) provides a secure, long-term investment with a remaining lease term of 10.5 years expiring April 30, 2035, and four 5-year renewal options. Rent increases by 10% every five years, offering inflation protection. The property generates a Net Operating Income (NOI) of $156,796, resulting in a 4.50% cap rate and a price per square foot of $853.96. The Tampa MSA location, within a high-density area with over 155,000 residents within 5 miles and 773,000 within 10 miles, benefits from consistent population growth and numerous new residential developments. The property's prime location on a hard signalized corner with easy access from both cross streets further enhances its appeal. This offering is eligible for bonus depreciation. The asking price is $3,485,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,650,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,730,000
- 6.5%
- $2,735,000
- 7%
- $2,670,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,690,000
- Geo Method
- $2,770,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,170,000
- Retail
- $2,975,000
- Mixed-Use
- $3,105,000
- Hospitality
- $2,570,000
- Educational
- $2,910,000
- Residential Income
- $2,435,000
- Energy
- $2,420,000
- Income-Based Land
- $3,045,000
- Food Service
- $2,695,000
Location Insight
- Map
- Local Demand
- City
- Tampa
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.3681
- Latitude
- 27.9089
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
