Property Description

$2,000,000 ASKING PRICE | 6% TARGET CAP RATE | PROPOSED 10-YEAR NNN LEASE9,289 SF | 0.71 ACRES | NORTH TAMPAInvestment opportunity featuring an established True Value franchise hardware store currently owner-operated at the property. The owner is open to selling the real estate and entering into a proposed 10-year NNN lease, providing a potential sale-leaseback structure for the purchaser.Investment Highlights:Asking Price: $2,000,000Proposed Annual Base Rent: $120,000Proposed Monthly Base Rent: $10,000Target Initial Cap Rate: 6.0%Proposed Lease Term: 10 YearsLease Structure: NNNBuilding Area: 9,289 SFLand Area: 0.71 AcresTwo BuildingsEstablished True Value franchise/current owner-operatorPotential long-term occupancy and rental incomeNorth Tampa location near the University Mall/Uptown areaUnder the proposed NNN structure, the tenant would be responsible for applicable property expenses, including taxes, insurance, and maintenance, subject to the final lease agreement. Proposed rent, lease term, escalations, options, expense responsibilities, and other terms are subject to negotiation and mutually acceptable documentation.The property may also appeal to owner-users or strategic buyers seeking commercial real estate with an established business and existing operational use. Conveniently located near established residential and commercial areas with access to major transportation corridors.All information is subject to verification. Proposed lease and transaction terms are not finalized and are subject to negotiation, due diligence, and execution of definitive agreements.

Property Features