Circle K - Tampa, FL | 3600 W Waters Ave
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Circle K - Tampa, FL 3600 W Waters Ave
5,476 SF Retail Building Tampa, FL 33614 £2,229,983 (£407/SF) 5% Net Initial Yield
Investment Highlights
- Brand New 15-Year Lease.
- The lease is corporate signed by Circle K Stores, Inc.
- Scheduled Rental Increases.
- No landlord responsibilities.
Executive Summary
Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities | No State Income Tax
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Investor benefits from fee-simple ownership of the land
• Ideal, low-management investment for a passive investor in a state with no state income tax
Signalized, Hard Corner Intersection | Interstate 275 | Primary Thoroughfare | Surrounding Big Box Retailers
• Circle K is strategically located at the signalized, hard corner intersection of W. Waters Ave. and N. Himes Ave. averaging 65,000 vehicles per day
• The asset is approximately 4 miles from Interstate 275, a primary North/South thoroughfare serving Tampa with 188,000 vehicles per day
• The immediate trade area is supported by several big box retailers such as Walmart Supercenter, Marshall’s, Whole Foods, Target, Best Buy, and more
Strong Demographics In 5-Mile Trade Area | 8 Miles From University of Tampa & University of South Florida
• More than 307,000 residents and 178,000 employees
• Approximately 8 miles from University of Tampa (8,310-students) & University of South Florida (49,591-students)
• Features an average household income of $78,348
Tampa - Desirable Location | Surrounding New Developments
• According to Forbes Magazine, Tampa is the #1 place to live in Florida (click HERE for full article)
• Tampa is the 3rd largest city in Florida and the 51st largest city in the United States, growing at a rate of 1.25% annually
• North Dale Mabry’s $1B Midtown development is home to the largest office deal in city history; Tampa’s electric company, TECO, will move from its downtown headquarters in 2025 when a new 17-story tower in the Midtown development is complete (click HERE for more)
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Investor benefits from fee-simple ownership of the land
• Ideal, low-management investment for a passive investor in a state with no state income tax
Signalized, Hard Corner Intersection | Interstate 275 | Primary Thoroughfare | Surrounding Big Box Retailers
• Circle K is strategically located at the signalized, hard corner intersection of W. Waters Ave. and N. Himes Ave. averaging 65,000 vehicles per day
• The asset is approximately 4 miles from Interstate 275, a primary North/South thoroughfare serving Tampa with 188,000 vehicles per day
• The immediate trade area is supported by several big box retailers such as Walmart Supercenter, Marshall’s, Whole Foods, Target, Best Buy, and more
Strong Demographics In 5-Mile Trade Area | 8 Miles From University of Tampa & University of South Florida
• More than 307,000 residents and 178,000 employees
• Approximately 8 miles from University of Tampa (8,310-students) & University of South Florida (49,591-students)
• Features an average household income of $78,348
Tampa - Desirable Location | Surrounding New Developments
• According to Forbes Magazine, Tampa is the #1 place to live in Florida (click HERE for full article)
• Tampa is the 3rd largest city in Florida and the 51st largest city in the United States, growing at a rate of 1.25% annually
• North Dale Mabry’s $1B Midtown development is home to the largest office deal in city history; Tampa’s electric company, TECO, will move from its downtown headquarters in 2025 when a new 17-story tower in the Midtown development is complete (click HERE for more)
Property Facts
Sale Type
Investment NNN
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Building Size
5,476 SF
Building Class
C
Year Built
2022
Price
£2,229,983
Price Per SF
£407
Net Initial Yield
5%
NOI
£111,499
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
2.19 AC
Zoning
CG - General Commercial
Amenities
- Air Conditioning
Walk Score ®
Very Walkable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | U-28-28-18-D0R-000000-00001.0 | Improvements Assessment | £1,308,339 |
| Land Assessment | £857,307 | Total Assessment | £2,165,646 |
PROPERTY TAXES
Parcel Number
U-28-28-18-D0R-000000-00001.0
Land Assessment
£857,307
Improvements Assessment
£1,308,339
Total Assessment
£2,165,646
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Circle K - Tampa, FL | 3600 W Waters Ave
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