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10606 New East Bay Rd 4,000 SF Specialty Building Offered at $2,500,000 at a 5.69% Cap Rate in Gibsonton, FL 33534
Investment Highlights
- In rapidly growing Riverview/Gibsonton, FL between a Wal-Mart Super Center!
- This 0.92 AC Lot has a highly coveted Triple Net ("NNN") Ground Lease!
Executive Summary
This 0.92 AC Lot has a highly coveted 5.70% Full Term Cap Rate Triple Net ("NNN") Ground Lease ("GL") with Volkswagen of America's affiliate Electrify America who is installing twenty (20) Fast Charging electric vehicle stations. The NNN GL has an NOI of $122,600 annually on a 20 year initial term with 10% increase each five (5) years.
Located at the southwest quadrant of I-75 & Gibsonton Dr. in rapidly growing Riverview/Gibsonton, FL between a Wal-Mart Super Center & Exit 250, this 0.92 AC leased lot is part of a larger 30 acre development commonly known as Riverview 14.
Located at the southwest quadrant of I-75 & Gibsonton Dr. in rapidly growing Riverview/Gibsonton, FL between a Wal-Mart Super Center & Exit 250, this 0.92 AC leased lot is part of a larger 30 acre development commonly known as Riverview 14.
Property Facts
| Price | $2,500,000 | Building Class | B |
| Price Per SF | $625 | Lot Size | 0.97 AC |
| Sale Type | Investment NNN | Building Size | 4,000 SF |
| Cap Rate | 5.69% | No. Stories | 1 |
| Sale Condition | Ground Lease (Leasehold) | Year Built | 2026 |
| Property Type | Specialty | Parking Ratio | 5/1,000 SF |
| Zoning | PD | ||
| Price | $2,500,000 |
| Price Per SF | $625 |
| Sale Type | Investment NNN |
| Cap Rate | 5.69% |
| Sale Condition | Ground Lease (Leasehold) |
| Property Type | Specialty |
| Building Class | B |
| Lot Size | 0.97 AC |
| Building Size | 4,000 SF |
| No. Stories | 1 |
| Year Built | 2026 |
| Parking Ratio | 5/1,000 SF |
| Zoning | PD |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
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10606 New East Bay Rd