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Absolute NNN Investment Property 4248 S Dale Mabry Hwy

2,062 SF Retail Building Tampa, FL 33611 $1,795,000 ($871/SF) 5.80% Cap Rate

Investment Highlights

  • This prime location, within the Tampa-St. Petersburg MSA, is surrounded by major national retailers & residential communities
  • Property is situated on a 0.48-acre outparcel of Lowe’s Home Improvement Store
  • Lighted intersection along South Dale Mabry Highway

Executive Summary

This standalone Jimmy John’s, featuring a drive-thru, offers an exceptional investment opportunity in this busy South Tampa retail corridor. The Tenant currently pays $104,000 in annual rent, and the lease is structured as an Absolute NNN Lease, requiring zero landlord responsibilities. With a secure 10-year lease term, the agreement features a 10% rent escalation after Year 5 and two (2) five-year renewal options with 2.5% annual rent increases, providing consistent income growth. Additionally, the Jimmy John's operator is a well-established franchisee, operating a total of 78 Jimmy John's locations throughout the United States, adding to the strength and stability of the tenant.

Property Facts Under Contract

Sale Type
Investment NNN
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,062 SF
Building Class
B
Year Built
2011
Price
$1,795,000
Price Per SF
$871
Cap Rate
5.80%
NOI
$104,110
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Land Acres
0.48 AC
Zoning
Commercial - Planned Development
Parking
22 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
139 FT on Dale Mabry Hwy

Amenities

  • Pylon Sign
  • Restaurant
  • Signage
  • Drive Thru

About 4248 S Dale Mabry Hwy , Tampa, FL 33611

The property is situated on a 0.48-acre outparcel of Lowe’s Home Improvement Store, enhancing its visibility and benefiting from the high traffic generated by the national retailer. Located at a lighted intersection along South Dale Mabry Highway, the site sees traffic counts of 33,000 vehicles per day, which have grown by 6.5% year over year, further contributing to its excellent accessibility and exposure.

Walk Score ®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Navy Federal Credit Union
Another Broken Egg
Crunch
Buffalo Wild Wings
Chase Bank
Publix
Truist
Bank of America
Ymca
CrossFit

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
A-04-30-18-9QS-000000-00002.0
Land Assessment
$1,133,641
Improvements Assessment
$581,273
Total Assessment
$1,714,914
  • Listing ID: 33853840

  • Date on Market: 11/13/2024

  • Last Updated:

  • Address: 4248 S Dale Mabry Hwy, Tampa, FL 33611

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