Take 5 NNN Property For Sale — Tarpon Springs, FL · 1,509 SF
Tarpon Springs, FL 34689
Prime absolute NNN investment opportunity featuring a 15-year lease with Take 5. The lease includes 10% rental increases every 5 years and four 5-year renewal options. Positioned at a signalized corner location at the intersection of US Hwy 19 and E Tarpon Ave with combined traffic counts exceeding 99,000 vehicles per day. The surrounding robust trade area boasts a population of over 144,777 residents within a 5-mile radius with an average household income exceeding $94,000. Located within the Tampa-St. Petersburg-Clearwater MSA, the property benefits from strong retail synergy alongside major national brands and substantial ongoing residential growth.
- Address: Tarpon Springs, FL 34689
- Asking price $1.85M
- 6.50% cap rate
- NOI $120,000
- 15 years remaining
- NNN lease
- Year built: 1999
- Building size: 1,509 SF
- Lot size: 0.67 acres
- Rent increases: 10% increases every 5 years
- Guarantor: Corporate
Location
This Take 5 property is in Tarpon Springs, Florida.
Asset type: Automotive / Quick Lube