5469 Us Hwy 41 Apollo Beach, FL 33572-3505
- Strip malls
- 6,928 SF
- 1.02 lot acres
Current Use by Public Records
- Strip malls
Property Details for 5469 Us Hwy 41
- Year built
- 2006
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.02 lot acres
- Property size
- 6,928 SF
- Zone code
- PD
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- U333119ZZZ00000176070B
- APU
- U333119ZZZ00000176070B
Description
This exceptional investment opportunity presents a fee-simple ownership of a 6,928 square foot auto shop and storefront, currently 100% occupied by Safelite AutoGlass. Located at 5469 N US Highway 41 in Apollo Beach, Florida (zip code 33572), this property sits on a 1.02-acre lot and boasts a new 10-year net lease (commencing May 15, 2024, expiring May 14, 2034) with a strong corporate guarantee from Safelite Fulfillment, Inc. The lease includes annual rent increases of 3%, ensuring consistent income growth. The asking price is $3,269,500, representing a 5.25% cap rate and a price per square foot of $471.93. The property features a Net Operating Income (NOI) of $171,650. The building underwent renovations in 2024 and was originally constructed in 2006. This prime location benefits from its proximity to major retailers, including Publix, Walmart, and numerous other national brands, and is situated within a rapidly expanding residential area with a projected 32% population increase within a 15-minute radius from 2023 to 2028. The lease includes two five-year renewal options, providing long-term stability and investment security. This property is ideally suited for a 1031 exchange. The property was previously a multi-tenant building with individual utilities and infrastructure.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,165,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,215,000
- 6.5%
- $1,270,000
- 7%
- $1,290,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,280,000
- Geo Method
- $1,375,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,325,000
- Retail
- $1,385,000
- Mixed-Use
- $1,080,000
- Hospitality
- $1,170,000
- Educational
- $1,160,000
- Residential Income
- $1,280,000
- Energy
- $1,340,000
- Income-Based Land
- $1,470,000
- Food Service
- $1,165,000
Location Insight
- Map
- Local Demand
- City
- Apollo Beach
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.4141
- Latitude
- 27.7473
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
