4810 US Highway 19 - 3,200 SF Amscot NNN Investment Offered for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30665358
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Street Retail, Other
Building Size (RSF): 3,200 SF
Gross Land Area: 0.80 Acres
Sale Price: $1,128,358
Unit Price: $352.61 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: AMSCOT
Sale Terms: Cash to Seller
Cap Rate: 6.75%
Last Updated: 1/14/2021

Overview / Comments

Free standing, 3,200 square foot Amscot store built in 2006 on a .8 acre MOL site with 42 parking spaces and a 65,000 average daily traffic count. Amscot has 66 months remaining on its current lease (as of 11/1/2020) with the current NOI at $75,600 per year, however the base rent increases on 5/1/2021 to $79,600 per year (for 5 years). Amscot maintains 3 options to renew their lease with 10% rent escalations for each option period. The property is currently offered at a 6.75% capitalization rate or $1,128,358...on May 2, 2021 the cap rate increases to 7.03% as the new 5 year option term begins. The Landlord is responsible for maintaining, repairing, and replacing the roof and structural components of the building, the exterior of the building, the pylon sign and its electrical service, and all plumbing and utility lines to or from the building.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pasco
Tax ID/APN: 17-26-16-0040-02200-0020
Zoning: R4
Retail Clientele: General, Business
Property Located Between: SR 54 and Gulf Drive
Property Visibility: Excellent
Feet of Frontage: 115
Traffic/Vehicle Count: 65,000
Site Description: .8 acre MOL site with 42 parking spaces
Area Description: Located on east side of US Highway 19
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 2006
Total Parking Spaces: 42
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,166 81,838 150,082
Median Age: 43.67 45.19 44.72
Households: 4,640 36,734 64,976

Contact

Photograph of Listing Agent

Deron Thomas, CCIM, SIOR

Industrial Realty Solutions CE-FL Member
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