Florida Oil (Chevron) | 7950 Wire Rd
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Florida Oil (Chevron) 7950 Wire Rd
2,400 SF Retail Building Zephyrhills, FL 33540 $3,075,000 ($1,281/SF) 7.50% Cap Rate
Investment Highlights
- 20-Year Absolute Net Lease Sale-Leaseback with 10 Percent Rental Escalations Every Five Years | Chevron Gas Station/C-Store
- Recent Renovations with New HVAC, Roof, and Fully Renovated Interior
- One Mile North of Florida Hospital Zephyrhills, a 139-Bed Regional Medical Center
- Strong Personal Guaranty
- Next to Abbott Park, A Sprawling Single-Family Home Development Featuring Over 500 Homes
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Chevron in Zephyrhills, FL. The property consists of a 2,400-square-foot, freestanding building that sits on approximately 1.07 acres of land. There are 20 years remaining on the lease with 10% rental increases every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,400 SF
Year Built/Renovated
1986/1990
Price
$3,075,000
Price Per SF
$1,281
Cap Rate
7.50%
NOI
$230,625
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.07 AC
Zoning
CG - CG
Parking
18 Spaces (7.5 Spaces per 1,000 SF Leased)
Frontage
44 FT on SR-54
Amenities
- 24 Hour Access
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
- Skylights
- Tenant Controlled HVAC
- Wheelchair Accessible
- Car Charging Station
- Recessed Lighting
- Monument Signage
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 35-25-21-0010-00400-0040 | Improvements Assessment | $115,133 |
| Land Assessment | $156,819 | Total Assessment | $271,952 |
PROPERTY TAXES
Parcel Number
35-25-21-0010-00400-0040
Land Assessment
$156,819
Improvements Assessment
$115,133
Total Assessment
$271,952
Contacts
-
Vincent Knipp -
Jake Stammen -
Salim Bhaidani -
Knipp Wolf Net Lease Group | Marcus & Millichap
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Florida Oil (Chevron) | 7950 Wire Rd
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