10606 New East Bay Rd - Specialty FOR SALE


Gibsonton, FL 33534
$2,500,000 USD
517-256-5352
10606 New East Bay Rd, Gibsonton, FL for Sale
$2,500,000 USD
Specialty - FOR SALE
1/1
null | 5.69% Cap Rate

10606 New East Bay Rd
Gibsonton, FL 33534


HIGHLIGHTS

  • In rapidly growing Riverview/Gibsonton, FL between a Wal-Mart Super Center!
  • This 0.92 AC Lot has a highly coveted Triple Net ("NNN") Ground Lease!

OVERVIEW

This 0.92 AC Lot has a highly coveted 5.70% Full Term Cap Rate Triple Net ("NNN") Ground Lease ("GL") with Volkswagen of America's affiliate Electrify America who is installing twenty (20) Fast Charging electric vehicle stations. The NNN GL has an NOI of $122,600 annually on a 20 year initial term with 10% increase each five (5) years. Located at the southwest quadrant of I-75 & Gibsonton Dr. in rapidly growing Riverview/Gibsonton, FL between a Wal-Mart Super Center & Exit 250, this 0.92 AC leased lot is part of a larger 30 acre development commonly known as Riverview 14.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$625 USD /SF

CAP RATE

5.69%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

PD

APN/PARCEL ID

U-30-30-20-A5W-000000-00007.0

ASK ABOUT THIS PROPERTY

Terrance A. BentonStrathmore Real Estate GroupMore Info
517-256-5352

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Terrance A. BentonStrathmore Real Estate GroupMore Info
517-256-5352

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.