7950 Wire Rd Zephyrhills, FL 33540-1878

This exceptional investment opportunity presents a 2,400-square-foot Chevron gas station and convenience store located at 7950 Wire Rd, Zephyrhills, Florida 33540. The property sits on a 1.07-acre lot and boasts a 20-year absolute NNN lease with a prominent national tenant, Chevron. The lease features a 10% rent increase every five years, ensuring consistent and growing income. Built in 1986 and renovated in 1990, the property includes recent upgrades to the HVAC system and roof, along with a fully renovated interior. The property enjoys a 100% occupancy rate, generating a substantial net operating income (NOI) of $230,625, representing a 7.50% cap rate on the asking price of $3,075,000 ($1,281.25 per square foot). The strategic location next to Abbott Park, a large single-family home development with over 500 homes, and one mile north of Florida Hospital Zephyrhills, a 139-bed regional medical center, ensures high visibility and consistent customer traffic. The lease includes two, five-year renewal options, providing long-term security for the investor. This is a rare opportunity to acquire a stable, high-performing asset with significant upside potential.