4250 78th St Tampa, FL 33619-6971
Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Courier Service Postal Service
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Gas Station
Value estimations
Owner & transaction history
Zoning & alternative use
through 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and 2 • Channel District - CD 1 and 2 • Seminole Heights - SH-RS, SH-RSA, SH-RM, SH-CG, SH-CI • Neighborhood Mixed Use - NMU16, NMU-24, NMU-35 • Planned Development -…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
PD · Tampa, FLthrough 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and 2 • Channel District - CD 1 and 2 • Seminole Heights - SH-RS, SH-RSA, SH-RM, SH-CG, SH-CI • Neighborhood Mixed Use - NMU16, NMU-24, NMU-35 • Planned Development -…
Zoning
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Zoning designation
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The district profile from the municipal source: what is on file for PD in Tampa, FL.
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