150 Pinellas Bayway S - Office FOR SALE


Tierra Verde, FL 33715
$6,170,000 USD
305-913-5545
150 Pinellas Bayway S, Tierra Verde, FL for Sale
$6,170,000 USD
Office - FOR SALE
1/5
null | 5% Cap Rate

150 Pinellas Bayway S
Tierra Verde, FL 33715


HIGHLIGHTS

  • Long-term absolute NNN lease with ±14.8 years of primary term remaining
  • Sole gas station and convenience store on Tierra Verde island
  • Adjacent to Tierra Verde Marina undergoing $33M expansion
  • Along Pinellas Bayway, the only route to the islands of Fort De Soto Park
  • Strong demographics with $195K AHHI within 1-mile radius
  • Tierra Verde is one of Tampa's wealthiest communities

OVERVIEW

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in the 7-Eleven located at 150 Pinellas Bayway S in Tierra Verde, Florida (“Property” or “Asset”). 7-Eleven is operating on a long term, 15-year absolute NNN lease with zero landlord responsibilities and 10.0% rent increases starting in year 11 and continuing at each of the five, five-year renewal options.

FOR SALE DETAILS

PRICE

$6,170,000 USD

PRICE/SF

$1,055 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

C-2

APN/PARCEL ID

17-32-16-90828-000-0050

ASK ABOUT THIS PROPERTY

305-913-5545

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305-913-5545

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