7950 Wire Rd Zephyrhills, FL 33540-1878
- Grocery and convenience stores
- 2,400 SF
- 1.07 lot acres
Dec 03, 2024
Current Use by Public Records
- Chevron / Gas Station
- Harry's Food Mart / Gas Station
- Supreme Air Inc - Heating & Cooling – H.V.A.C / Air Conditioning Contractor / Corporate Office
Property Details for 7950 Wire Rd
- Year built
- 1986
- Lot size
- 1.07 lot acres
- Property size
- 2,400 SF
- Zone code
- 00C1
- Property type
- Grocery and convenience stores
- APN
- 35-25-21-0010-00400-0040
- APU
- 3525210010004000040
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Zephyrhills
- County
- Pasco
- State
- Florida
- Longitude
- -82.1794
- Latitude
- 28.2734
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
