6331 Waters Ave Tampa, FL 33634-1146

Property Details for 6331 Waters Ave

Lot size

0.71 lot acres

Zone code

PD

Property type

Commercial land

APN

U242817D1M000000000020

APU

U242817D1M000000000020

Description

This exceptional investment opportunity presents a 2,500 square foot Pollo Campero restaurant located at 6331 W Waters Ave, Tampa, FL 33634. The property is a 15-year absolute NNN ground lease with a 5.00% cap rate and a strong NOI of $177,500. Rent increases by 10% every five years, providing significant long-term growth potential. The property boasts a prime location in a high-traffic area, adjacent to a Target and Lowe's anchored power center, and near major employers, including MacDill Air Force Base, Tampa International Airport, and the University of South Florida. The hard corner location at a signalized intersection sees 61,855 cars daily, further enhancing visibility and accessibility. This single-tenant, 100% occupied property offers a secure, passive income stream backed by a corporate guarantor of a well-established, internationally recognized brand with over 400 locations worldwide. The lease includes four, 5-year renewal options, ensuring long-term stability. Built in 2025, this investment is ideal for those seeking a low-risk, high-reward opportunity in a rapidly growing market. The property's proximity to major transportation arteries, including Veterans Expressway, ensures easy access for customers and employees. The surrounding area boasts a strong daytime population exceeding 139,100 employees within a 5-mile radius, guaranteeing a consistent customer base. This is a rare opportunity to acquire a well-positioned, high-performing asset in a thriving Tampa Bay market. The asking price is $3,550,000.