|Gross Leasable Area (GLA)||1,400|
|Price Per Square Foot (GLA)||$521|
|Lot Size||.126 Acres|
This 1,400-square foot Texaco Xpress Lube in Riverview, Florida (Tampa MSA), sits off Big Bend Road (County Road 627) and is an out parcel to an Ace Hardware anchored center. Riverview is a bedroom community of Tampa, with excellent major roadway access with Interstate 75, US Highway 301 and US Highway 41, all in the immediate area.
The Property is surrounded by national retailers including Sam’s Club, Applebee’s, McDonald’s, Ace Hardware, Beef ‘O’ Brady’s, Walgreens, Burger King, SunTrust Bank, CVS and Advance Auto.
Adjacent to the property is the brand new Saint Joseph’s Hospital, totaling 325,000 square feet. Upon completion, there are expected to be over 500 jobs created.
The asset is subject to a 15-year double-net lease with approximately 10.5 years remaining. The rent will increase by 10 percent every five years. This asset is best suited for an investor looking for a passive investment with zero management responsibilities.