3 Tenant Citgo Plaza | Absolute NNN | Tampa Bay


Investment Details

Status Available
Price $2,500,000
Cap Rate 7.93%
Current Annual Rent $198,347
Price psf $520.83
Rent psf $41.32
Term Remaining (yrs) 10

Lease & Property Details

Property Type Retail
Building Size (sf) 4,800.00
Lot Size (acres) 0.65
Lease Type NNN
Tenant Citgo, Beach Pizza, Pita’s Republic
Guarantor High Net Worth
Lease Commencement 09/01/2016
Lease Expiration 09/30/2027
Rent Increases 2%+
Options New 20 year Citgo Lease + 4×5 yr options (19 Firm)
Landlord Responsibilities Zero


* 20-Year Citgo Lease – Excellent Store Sales

* Established co-tenancy with Beach Pizza and Pita’s Republic

* Located in a booming retail, residential and tourist corridor. 3 mi to gulf beaches

* Minimal c-store & fuel competition with barriers to entry and supply constraints abound

* Absolute NNN – Zero LL Responsibilities

* Excellent 1031 property or true passive NNN opportunity

Zip Code:33772
Square Feet:4,800
Lot Square Feet:28,314
Tagged Features:

Location Map

Listing Inquiry

Submit a Comment

Your email address will not be published. Required fields are marked *