This property is Off-Market

1901 W Brandon Blvd
Brandon, FL 33511 ·

2,043 SF · Retail For Sale

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Circle K

Price N/A Property Use Type Net Lease Investment with 10+ years left on lease
Building Size 2,043 SF Cap Rate 7.25%
Property Type Retail Tenancy Single
Property Sub-type Service/Gas Station Lot Size 24,000 SF
Listing ID: 15872532 Date Created: 08/29/2008 Last Updated: 08/10/2010

Description

This investment opportunity is a Circle K gas and convenience store. Circle K stores are known around the world for offering busy consumers a wide variety of quality products and services in a fast, friendly, and clean environment. Each Circle K location features an award-winning brand of the Freshest Coffee Going®, ThirstBuster® fountain drinks, beer, snacks, candy, a telecommunications center, and general merchandise. Most locations are also co-branded with a quality gasoline product from such well known brands as 76®, Conoco®, Phillips®, Exxon®, and Mobil®.

The subject property is located in Brandon, Florida. This Circle K is approximately 2,043 square feet and sits on a lot that is approximately 24,000 square feet. The gas station is Shell branded. The site was constructed in 1972 and has been a gas station and convenience store since approximately 1985.

This Circle K gas and convenience store is located on West Brandon Boulevard in Brandon, Florida. West Brandon Boulevard is also known as US Highway 60. The site is less than 1 mile east of the Intersection with Interstate 75 and located directly at the intersection with Providence Road. This busy Highway is a east/west commercial artery. As a result of the excellent location on this major commercial thoroughfare the traffic count on W Brandon Boulevard is estimated at 85,000 vehicles per day. The traffic count in the immediate area on Interstate 75 is even over 85,000 vehicles per day.

This investment opportunity is an outparcel to Brandon's Providence Square anchored by national tenants such as Matress Giant, Hertz, Washington Mutual Bank and Domino's Pizza. Providence Square is also anchored by many local restaurants and retailers. A Haverty's store sits directly across the street.

The subject site is located near many local and national commercial establishments. Tenants in the immediate area are Chili's, Bank of America, Pier 1 Imports, Best Buy, Petco, Staples, Target, Outback Steakhouse, Bed, Bath & Beyond, Foot Locker, Sprint, Napa Auto Care Center, Sam's Club, Rooms

Highlights

  • Brand new 17-year NNN lease commencing at the close of escrow
  • 5% rent increases every 5 years
  • Zero landlord responsibilities
  • 7.25% initial Cap Rate - attractive yield

Research

1901 W Brandon Blvd, Brandon, FL 33511 (Hillsborough County)

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