11505 Walsingham Rd - Service Station FOR SALE


Largo, FL 33778- Ridgecrest
$3,478,200 USD
703-477-1315
11505 Walsingham Rd, Largo, FL for Sale
$3,478,200 USD
Service Station - FOR SALE
1/24
null | 5% Cap Rate

11505 Walsingham Rd
Largo, FL 33778
Ridgecrest


HIGHLIGHTS

  • Absolute NNN Lease | 10% Increase in 2031
  • Five, 5-Year Renewal Options | 7.5% Increase in Options 1-4 | FMRV Increase in Option 5
  • Long-Term Operating History of 40 Years
  • Hard Corner Location at the Signalized Intersection of Ridge Rd (2,100 VPD) and Walsingham Rd (10,100 VPD)
  • 0.7 Miles West of Seminole Blvd (17,300 VPD) and 1 Mile South of Ulmerton Rd (46,000 VPD)
  • Tampa Bay Advantage (MSA Population: 3.36M+)

OVERVIEW

The CBRE Net Lease Property Group is pleased to offer for sale the 2,664-square-foot 7-Eleven Gas Station & Convenience Store situated on 0.86 acre in Longwood, Florida — part of the Tampa-St. Petersburg-Clearwater, FL MSA (MSA Population: 3.36M+). 7-Eleven’s absolute NNN lease features ±10.5 years of primary term remaining with a 10% rent increase in 2031 and five, 5-year renewal options. Rent increases by 7.5% in the first four options and is set to FMRV in the fifth option.

FOR SALE DETAILS

PRICE

$3,478,200 USD

PRICE/SF

$1,287 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,275 SF

ZONING

C-1

APN/PARCEL ID

09-30-15-00000-440-0500

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

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