107 W Waters Ave - Fast Food FOR SALE


Tampa, FL 33604- Lowry Park
$1,200,000 USD
727-409-0101
107 W Waters Ave, Tampa, FL for Sale
$1,200,000 USD
Fast Food - FOR SALE
1/5
null | 5% Cap Rate

107 W Waters Ave
Tampa, FL 33604
Lowry Park


HIGHLIGHTS

  • Five year absolute NNN Ground Lease
  • Zero landlord responsibility
  • Two - 5 year options
  • 10% increases every 5 years
  • 3.5 years remaining on current lease
  • 33+ years operating history

OVERVIEW

Excellently located in the North Tampa/University of South Florida market, this 800 ± SF Checkers restaurant with a double drive-thru sits at the intersection of Waters Avenue and U.S. Route 41, offering visibility to more than 32,000 cars each day. The site is surrounded by well-known attractions including Busch Gardens, Adventure Island, and the Museum of Science and Industry, with quick access to I-275. Location Description This property is strategically located in Tampa, Florida, just off the intersection of Waters Avenue and U.S. Highway 41. This highly visible corridor sees more than 30,000 vehicles daily, ensuring consistent exposure and easy accessibility. The property sits in a thriving North Tampa market that combines established neighborhoods with strong retail and commercial activity. Only minutes from the University of South Florida, Busch Gardens, Adventure Island, and the Museum of Science and Industry, the site benefits from steady traffic generated by both local residents and regional visitors. Quick access to I-275 and I-4 further enhances connectivity, linking the location to Downtown Tampa, the Westshore business district, and the greater Tampa Bay region. Surrounding businesses include national retailers, restaurants, service providers, and community amenities.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$1,451 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Checkers

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

CI

APN/PARCEL ID

A-24-28-18-3EN-000004-00016.0

ASK ABOUT THIS PROPERTY

Liz MenéndezSaunders Real EstateMore Info
727-409-0101

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Liz MenéndezSaunders Real EstateMore Info
727-409-0101

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