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Property profile

6331 Waters Ave Tampa, FL 33634

OFF-MARKET
Commercial land
Property ID
US18-6308101
0.71 ac lot
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.71 ac (30,724 SF)
Zoning code PD
APN U242817D1M000000000020
UPID US18-6308101

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6331 Waters Ave Tampa, FL 33634-1146
Tampa metro Census 11611 TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2025
2 recorded transactions
2025
$3.1M
2023
$750,000

Zoning & alternative use

PD · Tampa, FL
Zoning description

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 -…

General category PLANNED_DEVELOPMENT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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