712 S Collins St - Restaurant FOR SALE


Plant City, FL 33563
$1,100,000 USD
813-855-3800
712 S Collins St, Plant City, FL for Sale
$1,100,000 USD
Restaurant - FOR SALE
1/4
null | 6.22% Cap Rate

712 S Collins St
Plant City, FL 33563


HIGHLIGHTS

  • Strong frontage and visibility along S. Collins Street
  • 100% leased to an established multi location restaurant operator
  • Modified NNN lease with limited landlord responsibilities
  • Minutes from Downtown Plant City and I 4
  • Commercial zoning with redevelopment potential
  • Ample on site parking

OVERVIEW

712 S. Collins Street presents an exceptional opportunity to acquire a fully leased single tenant net leased investment in the heart of Plant City, Florida. Offered at $1,100,000, the property consists of a 5,340 square foot freestanding commercial building situated on approximately 0.76 acres with excellent visibility and frontage along South Collins Street. The property is occupied by a well established local restaurant operator with multiple locations throughout the Tampa Bay area. The tenant operates under a modified NNN lease with 2.5% annual rent increases, providing consistent income growth while minimizing landlord responsibilities. The current lease extends through November 30, 2029, with one additional five year renewal option, offering investors stable in place cash flow and long term income potential. Beyond the existing income stream, the property's generous site size and commercial zoning provide exceptional long term redevelopment and repositioning potential as Plant City continues to experience strong residential and commercial growth. This offering presents an attractive opportunity for investors seeking a stabilized asset with immediate cash flow, contractual rent growth, and future appreciation in one of the Tampa Bay area's fastest growing markets. Owner is a Licensed Florida Real Estate Broker.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$206 USD /SF

CAP RATE

6.22%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

C-2

APN/PARCEL ID

P-32-28-22-5DS-000004-00000.1

ASK ABOUT THIS PROPERTY

Manny KonstantinidisForesight Property Services,LLCMore Info
813-855-3800

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Manny KonstantinidisForesight Property Services,LLCMore Info
813-855-3800

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