6514-6516 N 40th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
6514-6516 N 40th St
5,384 SF 100% Leased Retail Building Tampa, FL 33610 $995,000 ($185/SF) 9.22% Cap Rate
Investment Highlights
- Triple Net Lease
Executive Summary
Introducing a prime investment opportunity at 6514-6516 North 40th Street, Tampa, FL. This property boasts a 5,384 SF building with 5 retail suites. Originally constructed in 1958 and tastefully renovated in 2023. Zoned CG. 100% Occupied, Triple Net Investment Property with Outdoor Billboard.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$94,677
|
$17.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$94,677
|
$17.58
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$2,968
|
$0.55
|
| Net Operating Income |
$91,709
|
$17.03
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $94,677 |
| Annual Per SF | $17.58 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $94,677 |
| Annual Per SF | $17.58 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $2,968 |
| Annual Per SF | $0.55 |
| Net Operating Income | |
|---|---|
| Annual | $91,709 |
| Annual Per SF | $17.03 |
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,384 SF
Building Class
B
Year Built/Renovated
1958/2021
Price
$995,000
Price Per SF
$185
Cap Rate
9.22%
NOI
$91,709
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.55 AC
Opportunity Zone
Yes
Zoning
CG - Commercial General
Parking
17 Spaces (3.16 Spaces per 1,000 SF Leased)
Frontage
150 FT on N. 40th street
Amenities
- Corner Lot
- Security System
- Signage
- Recessed Lighting
- Air Conditioning
Nearby Major Retailers
1 of 20
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
6514-6516 N 40th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.