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SELLER FINANCING AVAILABLE 3501 E Busch Blvd

2,856 SF Retail Building Tampa, FL 33612 $1,250,000 ($438/SF) 8.16% Cap Rate

Investment Highlights

  • NNN - NO LANDLORD RESPONSABILITIES
  • ACROSS BUSCH GARDENS TAMPA THEME PARK
  • Many Hotels Chain on East Busch Blvd include La Quinta INN, Holiday INN, Hampton INN and Hyatt Place
  • ANNUAL ADJUSTMENTS BY CPI
  • Major Tenants on East Busch Blvd include Mc Donalds, KFC, Taco Bell, Dunkin, Red Lobster, Olive Garden, Burger King, Hotbins
  • SELLER FINANCING AVAILABLE!!!

Executive Summary

Seller financing available!!!!!.
Absolute Net-Leased Asset - No Landlord Responsibilities.
49,879 Vehicles per Day Traffic Count.
Located Across the Street from Busch Gardens.
Annual adjustments by CPI that will hedge the Rent against any potential inflationary environment during the Lease term.
The property is located in Tampa, directly across the street from Busch Gardens amusement park on East Busch
Boulevard. This street is also known as State Road 580; it is a major commercial and commuter route. The traffic counts
along this steet are 49,879 vehicles per day. It is also a major east-west highway serving Pinellas County and central
Hillsborough County, Florida.
Noteworthy sites along or near State Road 580 include Countyside Mall, Trinity College, Tampa International Airport,
Hillsborough Community Collage, Raymond James Stadium, and Busch Gardens Tampa Bay.
Excellent opportunity to purchase an Income producing property free standing building across the renowned Busch Garden Tampa, the first them park in Florida. This building was operated by IHOP restaurant for more than 55 years, now leased to Very Berry Brunch Restaurant , a breakfast focused restaurant that offers a very similar food concept as IHOP.

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,856 SF
Building Class
C
Year Built/Renovated
1967/2008
Price
$1,250,000
Price Per SF
$438
Cap Rate
8.16%
NOI
$102,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Land Acres
0.39 AC
Zoning
CG - Commercial general
Parking
24 Spaces (8.4 Spaces per 1,000 SF Leased)
Frontage
122 FT on E Busch Blvd

Amenities

  • Restaurant
  • Signage
  • Storage Space

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • VERY BERRY BRUNCH
  • Accommodation and Food Services
  • 2,850 SF
  • $35.78
  • Triple Net
  • Jan 2029
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
VERY BERRY BRUNCH Accommodation and Food Services 2,850 SF $35.78 Triple Net Jan 2029

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
A-20-28-19-45W-F00000-00001.0
Land Assessment
$237,222
Improvements Assessment
$249,922
Total Assessment
$487,144
  • Listing ID: 31433749

  • Date on Market: 4/5/2024

  • Last Updated:

  • Address: 3501 E Busch Blvd, Tampa, FL 33612

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