715 Brandon Blvd Brandon, FL 33511-4901

Property Details for 715 Brandon Blvd

Year built

2001

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.77 lot acres

Property size

13,258 SF

Zone code

CG

Property type

Drug stores

APN

U272920ZZZ000002655700

APU

U272920ZZZ000002655700

Description

This exceptional investment opportunity presents a single-tenant, absolute triple-net (NNN) leased CVS Pharmacy located at 715 W Brandon Blvd, Brandon, FL 33511, within the Tampa MSA. The property boasts a 10,856 square foot building on a 1.77-acre lot, built in 2001. The lease, commencing July 25, 2002, has a remaining term of approximately 3.2 years, with 10 option periods. The current lease expiration is January 31, 2028, offering a long-term commitment from a credit-rated corporate guarantor. The property enjoys 100% occupancy and generates a substantial net operating income (NOI) of $464,761, resulting in a 7.58% cap rate. The asking price is $6,131,411. This prime retail location benefits from high visibility on a signalized corner, serving a densely populated area with over 234,000 full-time residents within the trade area. Nearby amenities include numerous apartment complexes, Hillsborough Community College, Rasmussen University, HCA Florida Brandon Hospital, and several shopping centers, including Westfield Brandon Mall. The property's fee-simple ownership allows for depreciation benefits, and the location in Florida offers the advantage of no state income tax. This is a rare opportunity to acquire a high-quality, low-maintenance investment with a strong tenant and significant upside potential.

Location Insight

City

Brandon

County

Hillsborough

State

Florida

Longitude

-82.2945

Latitude

27.9371

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments