13260 Pine Gap Spur - Storefront Retail/Office FOR SALE


Odessa, FL 33556
$5,836,000 USD
850-556-3459
13260 Pine Gap Spur, Odessa, FL for Sale
$5,836,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | 6.15% Cap Rate

13260 Pine Gap Spur
Odessa, FL 33556


HIGHLIGHTS

  • Trophy multi-tenant retail center in Pasco County, the 3rd fastest growing County in Florida
  • 6 communities with over 17,500 new homes in development within 15 minute drive time
  • Strategically located between 2 Publix anchored shopping centers only 1 mile apart, with 58,000 cars per day along SR 54
  • Fixed annual increases provide rental growth and hedge against inflation
  • Fee simple ownership allows for depreciation boosting after tax returns
  • Excellent underlying real estate fundamentals with clear visibility and access from a signalized intersection with 75,000 cars per day

OVERVIEW

NEW CONSTRUCTION - This trophy multi-tenant retail center is located in Pasco County, the 3rd fastest growing County in Florida. The property is strategically located between 2 Publix anchored shopping centers only 1 mile apart, with 58,000 cars per day along SR 54. The property features rare 10-Year NNN leases that provide long-term stable cash flow with fixed annual increases that provide rental growth and hedge against inflation. Fee simple ownership allows for depreciation boosting after tax returns. The property is located in Odessa, Trinity and Starkey Ranch area, which lies in Pasco County as part of the Tampa-St. Petersburg-Clearwater MSA. There are 6 communities with over 17,500 new homes in development within 15 minutes. The property benefits from brand new construction with transferable roof warranty and excellent underlying real estate fundamentals with clear visibility and access from a signalized intersection with 75,000 cars per day. Florida has no state income tax and in 2022 ranked as the fastest growing state in the US with nearly 10,000 people moving to the Sunshine State every week. Skin NV is an established medical spa with a highly successful practice in Tampa and strong brand awareness.

FOR SALE DETAILS

PRICE

$5,836,000 USD

PRICE/SF

$584 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN 100% Occupied New Construction - 7,413 SF

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

MPUD

APN/PARCEL ID

27-26-17-0130-0C100-0000,27-26-17-0130-0C100-0010

ASK ABOUT THIS PROPERTY

Marcus NorrellBroMadNicMore Info
850-556-3459

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

Marcus NorrellBroMadNicMore Info
850-556-3459

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