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13045 Spring Hill Dr
Spring Hill, FL 34609

$8,305,241 USD

Convenience Store For Sale  •  9,335 SF

Property Details

  • Property Type Convenience Store
  • Total Building Size 9,335 SF
  • Lot Size 2.03 AC
  • Building Class C
  • Year Built 2006
  • Cap Rate 7.55 %
  • Tenancy Multiple
  • Zoning Commercial
0 Transit Score
36 Walk Score

Highlights

17.5 Years Remaining on an Absolute Triple Net (NNN) Lease, Offering No Landlord Responsibilities
Located on the Corner of Two Main Streets (Linden and Spring Drive) With a Combined Traffic Count of 41,718
Blended CAP Rate of 10.04% Over the Remainder of the Primary Lease Term
Offers 12 Fueling Stations With Features Such as Pay-at-the- Pump Services, an ATM, and a Convenience Store
5-Mile Radius Population Exceeding 100,000 With an Average Household Income of $85,171, Creating a Robust Customer Base
Annual Rent Escalation of 3.25% Provides Built-In Income Growth, Protects Against Inflation, and Enhances Both Yield and Long-Term Property Value
Cap Rate: 7.55 %

Major Tenants

Tenant SF Occupied Lease End Date
Trinity Petro 9,335 SF 12/31/2042

Public Transportation

AirportDriveWalkDistance
Tampa International 56 min - 44.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 33
Type: Surface
Included in Rent: Yes
Jake Mahon 843-517-8165 Sands Investment Group
Jake Mahon 843-517-8165 Sands Investment Group