7021 Fletcher Ave Temple Terrace, FL 33637-0946

This exceptional 6,323 square foot retail storefront investment property in Temple Terrace, Florida, presents a compelling opportunity for passive investors. Located at 7021 E Fletcher Ave, Tampa, FL 33637, this fee-simple owned asset boasts a strong tenant lineup within a 1.09-acre lot, built in 2022. The property enjoys a triple-net (NNN) lease structure, minimizing landlord responsibilities to roof, structure, and foundation, while tenants cover CAM, taxes, and insurance. Annual rent increases are in place, ensuring consistent income growth. With four tenants currently occupying 100% of the space, the property generates a substantial net operating income (NOI) of $248,229. The strategic location offers excellent visibility and accessibility, situated off two signalized intersections on E Fletcher Ave (45,200 VPD) and conveniently close to I-75 (142,000 VPD). Its proximity to the University of South Florida (USF) with over 49,000 students provides a robust and consistent customer base. Temple Terrace's projected population and job growth of 29% and 55% respectively by 2050 further enhances the long-term investment potential. This property offers a low-management, high-return investment in a state with no state income tax. The asking price is $4,137,000.