10909 E US Highway 92 - Service FOR SALE


Seffner, FL 33584
$4,840,000 USD
407-557-3861
10909 E US Highway 92, Seffner, FL for Sale
$4,840,000 USD
Service - FOR SALE
1/3
null | 6.75% Cap Rate

10909 E US Highway 92
Seffner, FL 33584


HIGHLIGHTS

  • • 10-Year NNN Lease with 3% Annual Rental Increases - Two Five-Year Options | Minimal LL Responsibilities
  • • Property 100% Leased to Yellowstone Landscape - 4 th Largest Landscaping Company in the U.S.
  • • Tenant Backed by Harvest Partners, LP ($20B+ AUM) - Neuberger Berman Capital Solutions Holds Min. Stake
  • • Blended 7.74% Yield During Initial Lease Term - Strong Annual Increases Continue Throughout Options
  • • Part of the Tampa, Florida MSA | High Growth - Top 20 MSA in the U.S. | 3,400,000+ Residents
  • • Ideally Located at the Intersection of I - 75 & I - 4 - 2 Mile Ingress/Egress in Both Directions

OVERVIEW

• 10-Year NNN Lease with 3% Annual Rental Increases - Two Five-Year Options | Minimal LL Responsibilities • Property 100% Leased to Yellowstone Landscape - 4th Largest Landscaping Company in the U.S. • Tenant Backed by Harvest Partners, LP ($20B+ AUM) - Neuberger Berman Capital Solutions Holds Min. Stake • Blended 7.74% Yield During Initial Lease Term - Strong Annual Increases Continue Throughout Options • Part of the Tampa, Florida MSA | High Growth - Top 20 MSA in the U.S. | 3,400,000+ Residents • Ideally Located at the Intersection of I - 75 & I - 4 - 2 Mile Ingress/Egress in Both Directions • Year Over Year Strong Population Growth - Nearly 700,000 Residents within a 10-Mile Radius • Branch Covers a Far-Reaching Service Area (20 Miles) - Coverage Includes Lakeland (East) and Ruskin (South) • Surrounded by New Development Along I - 75 - Recent Projects Include Crossroads Industrial Center

FOR SALE DETAILS

PRICE

$4,840,000 USD

PRICE/SF

$495 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Yellowstone Landscape

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

12 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.77

LAND SF

251,341

ZONING

CI

APN/PARCEL ID

U-33-28-20-ZZZ-000002-26340.0

ASK ABOUT THIS PROPERTY

Rory ShelbyMarcus & MillichapMore Info
407-557-3861

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Rory ShelbyMarcus & MillichapMore Info
407-557-3861

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