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Florida Oil (Chevron) 7950 Wire Rd

2,400 SF Retail Building Zephyrhills, FL 33540 $4,358,720 CAD ($1,816 CAD/SF) 7.50% Cap Rate

Investment Highlights

  • 20-Year Absolute Net Lease Sale-Leaseback with 10 Percent Rental Escalations Every Five Years | Chevron Gas Station/C-Store
  • Recent Renovations with New HVAC, Roof, and Fully Renovated Interior
  • One Mile North of Florida Hospital Zephyrhills, a 139-Bed Regional Medical Center
  • Strong Personal Guaranty
  • Next to Abbott Park, A Sprawling Single-Family Home Development Featuring Over 500 Homes

Executive Summary

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Chevron in Zephyrhills, FL. The property consists of a 2,400-square-foot, freestanding building that sits on approximately 1.07 acres of land. There are 20 years remaining on the lease with 10% rental increases every 5 years.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,400 SF
Year Built/Renovated
1986/1990
Price
$4,358,720 CAD
Price Per SF
$1,816 CAD
Cap Rate
7.50%
NOI
$326,904 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Land Acres
1.07 AC
Zoning
CG - CG
Parking
18 Spaces (7.5 Spaces per 1,000 SF Leased)
Frontage
44 ft on SR-54

Amenities

  • 24 Hour Access
  • Bus Line
  • Corner Lot
  • Dedicated Turn Lane
  • Pylon Sign
  • Security System
  • Signage
  • Signalized Intersection
  • Skylights
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Car Charging Station
  • Recessed Lighting
  • Monument Signage
  • Air Conditioning

Nearby Major Retailers

Five Guys
Planet Fitness
Publix
Chase Bank
Truist
Beef 'O' Brady's
Chili's Grill & Bar
Sunbelt Rentals
Ruby Tuesday
Anytime Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
35-25-21-0010-00400-0040
Land Assessment
$221,900 CAD
Improvements Assessment
$162,914 CAD
Total Assessment
$384,815 CAD
  • Listing ID: 33449094

  • Date on Market: 2024-10-08

  • Last Updated:

  • Address: 7950 Wire Rd, Zephyrhills, FL 33540

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