7950 Wire Rd - Service Station FOR SALE


Zephyrhills, FL 33540
$3,800,000 USD
813-245-7333
7950 Wire Rd, Zephyrhills, FL for Sale
$3,800,000 USD
Service Station - FOR SALE
1/20
null | 7.15% Cap Rate

7950 Wire Rd
Zephyrhills, FL 33540


HIGHLIGHTS

  • BRAND NEW 4-PUMP CHEVRON STATION WITH FAMOUS "HARRY'S FOOD MART" C-STORE IN THE HEART OF ZEPHYRHILLS, FL!
  • LOCATED DIRECTLY ACROSS THE STREET FROM THE BRAND-NEW "ABBOTT PARK" DEVELOPMENT! THE DEVELOPMENT IS A NEW COMMUNITY WITH OVER 514 SINGLE-FAMILY HOMES
  • 20-YEAR PURE NNN LEASE WITH TWO 5-YEAR OPTIONS! 2% RENTAL INCREASES EVERY YEAR THROUGHOUT THE TERM OF THE LEASE!
  • 7.1% CAP RATE IN 2025! 8% CAP RATE IN 2030! 8.5% CAP RATE IN 2035! 9% CAP RATE IN 2040! 10% CAP RATE IN 2045!
  • RECENT SITE RENOVATIONS INCLUDE NEW HVAC, NEW ROOF, NEW PUMPS, NEW CANOPY, NEW SIGNAGE, NEW PAINT, AND NEWLY RENOVATED INSIDE STORE!
  • STRONG TENANT IN PLACE WITH OVER 35 YEARS OF GAS STATION OPERATION EXPERIENCE AND EXTREMELY STRONG FINANCIALS!

OVERVIEW

THIS FULLY REMODELED 4-PUMP CHEVRON GAS STATION WITH A SIGNATURE "HARRY'S FOOD MART" C-STORE IS LOCATED IN BEAUTIFUL ZEPHYRHILLS, FL. THE PROPERTY SITS AT A SIGNALIZED INTERSECTION WITH HEAVY TRAFFIC! THIS STATION IS LOCATED DIRECTLY ACROSS THE STREET FROM THE NEW 500+ SINGLE-FAMILY HOME DEVELOPMENT NAMED "ABBOTT PARK." THIS ONE-OF-A-KIND INVESTMENT OPPORTUNITY COMES WITH A 4-PUMP STATION, A FULLY REMODELED "HIARRY'S FOOD MART," A NEW (20-YEAR) LEASE, STRONG HISTORIC SALES, AND THE POTENTIAL FOR 100% BONUS DEPRECIATION! CURRENTLY, THE PROPERTY HAS A NEW 20-YEAR PURE NNN LEASE IN PLACE. THE LEASE WAS SIGNED IN 2025 AND RUNS FOR A FULL 20-YEAR TERM. THE RENTAL RATE STARTS AT $22,440 (PER MONTH) IN 2026 AND WILL INCREASE BY 2% EVERY YEAR, UNTIL THE END OF THE 20-YEAR TERM. THE TENANT ALSO HAS (2) FIVE-YEAR OPTIONS TO EXTEND AFTER THE EXPIRATION OF THE INITIAL LEASE TERM. THIS GIVES THE BUYER LOCKED-IN SECURITY & FANTASTIC RENTAL INCOME FOR THE NEXT 20+ YEARS. THE LEASE IS FULLY GUARANTEED & BACKED BY A CHEVRON GAS AGREEMENT THROUGHOUT THE LEASE. THE PROPERTY CURRENTLY BOASTS AN IN-PLACE CAP RATE OF 7.1%. WITH THE RENTAL INCREASES EVERY YEAR BUILT INTO THE CURRENT LEASE THIS NUMBER WILL ONLY GROW! BY 2030, THE BUYER WILL EASILY SURPASS A CAP RATE OF 8% & THIS WILL RISE, 5 YEARS LATER, TO ALMOST AN 9% CAP RATE WITH AN UPSIDE FOR MORE AFTER THE INITIAL TERM. BY THE FINAL YEARS OF THE LEASE, THE CAP RATE WILL SURPASS 10%, WHICH IS AN AMAZING RETURN FOR AN NNN ASSET THAT IS HANDS-OFF FOR THE BUYER. CURRENTLY, THE PROPERTY HAS A BRAND NEW 20-YEAR PURE NNN LEASE IN PLACE. THE LEASE WAS SIGNED AT THE BEGINNING OF 2025 AND RUNS FOR A FULL 20-YEAR TERM. THE RENTAL RATE IS CURRENTLY $22,440 (PER MONTH) IN 2026 AND WILL INCREASE BY 2% EVERY YEAR UNTIL THE END OF THE 20-YEAR TERM. EVEN BETTER IS THE FACT THAT THE TENANT HAS (2) FIVEYEAR OPTIONS TO EXTEND AFTER THE EXPIRATION OF THE INITIAL LEASE TERM. THIS GIVES THE BUYER LOCKED-IN SECURITY AND FANTASTIC RENTAL INCOME FOR THE NEXT 20+ YEARS. THE LEASE IS FULLY GUARANTEED AND BACKED BY A CHEVRON SUPPLY AGREEMENT THROUGHOUT THE LIFE OF THE LEASE. THE PROPERTY CURRENTLY BOASTS AN IN-PLACE CAP RATE OF APPROXIMATELY 7.1%. WITH THE CURRENT RENTAL INCREASES EVERY YEAR BUILT INTO THE CURRENT LEASE, THIS NUMBER WILL ONLY GROW! BY 2040, THE BUYER WILL EASILY SURPASS A CAP RATE OF 9%, AND THIS WILL RISE 5 YEARS LATER TO OVER A 10% CAP RATE WITH AN UPSIDE FOR MORE AFTER THE INITIAL TERM. THIS IS THE PERFECT INVESTMENT OPPORTUNITY FOR SOMEONE LOOKING TO LOCK IN A STRONG LONG-TERM INCOME, $269,280 MINIMUM PER YEAR, WITH A STRONG AND PROVEN TENANT. THE OPERATOR (TENANT) HAS MANY OTHER GAS STATIONS IN THE SURROUNDING AREA AND HAS BEEN RUNNING AND OPERATING GAS STATIONS FOR OVER 36 YEARS. THEY ARE SEASONED PROFESSIONALS WHO HAVE A STRONG TRACK RECORD AND A PROVEN BUSINESS MODEL THAT HAS BEEN WORKING FOR YEARS! ONE MAJOR ADVANTAGE FOR AN INVESTOR IS HOW EASY THIS ASSET IS TO MANAGE. DUE TO THE FACT THAT THE TENANT IS RESPONSIBLE FOR ALL EXPENSES, INCLUDING BUT NOT LIMITED TO ALL PROPERTY REPAIRS, MAINTENANCE, UTILITIES, ALL OTHER CAM CHARGES, PROPERTY TAXES, AND INSURANCE AT THE PROPERTY. THIS ASSET IS VERY EASY TO MANAGE AND MAINTAIN FOR A BUYER WHO LIVES IN THE AREA OR EVEN AN OUT-OF-STATE INVESTOR! IT IS VIRTUALLY IMPOSSIBLE TO FIND ANY PURE NNN CHEVRON GAS STATION ON THE MARKET PRODUCING A (7.1%-10%) CAP RATE LOCKED IN FOR THE NEXT 20 YEARS ANYWHERE ELSE. THE PROPERTY IS LOCATED IN A PRIME LOCATION NEXT TO PUBLIX SUPERMARKET, WALMART SUPER CENTER, AND DIRECTLY NEXT TO THE NEW 500+ SINGLE-FAMILY HOME DEVELOPMENT NAMED "ABBOTT PARK."THIS OPPORTUNITY WILL NOT LAST LONG AS THE SECURITY OF THE TENANT IS IN PLACE, AND THE RENTAL UPSIDE IS IMPOSSIBLE TO FIND ANYWHERE IN THIS MARKET.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$1,583 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

(7.15% CAP RATE)- NEW CHEVRON PURE NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding, Truck Stop

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

CG

APN/PARCEL ID

35-25-21-0010-00400-0040

ASK ABOUT THIS PROPERTY

David RosenthalGrimaldi Commercial Realty Corp.More Info
813-245-7333

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

David RosenthalGrimaldi Commercial Realty Corp.More Info
813-245-7333

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