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1150 8th Ave W
Palmetto, FL 34221
Take 5 Oil Change · Retail Property For Sale
Investment Highlights
- 1,430 SF Take 5 Oil Change | Brand New 2023 Construction | Store is Expected to Open Q1 2024
- Three, Five Year Renewal Options
- Located 1 Mile From South Tamiami Trail | 62,000 AADT
- New 15-Year NNN Lease with Two Percent Annual Rent Increases Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflatio
- Blended Cap Rate Over 15 Years = 6.34%
- Surrounded by Numerous National Tenants Including; Publix, Wal-Mart Supercenter, Winn Dixie, ALDI, CVS, Etc.
Property Facts
Property Type
Retail
Property Subtype
Service Station
Building Size
3,261 SF
Building Class
B
Year Built
2000
Building Height
1 Story
Building FAR
0.16
Lot Size
0.48 AC
Zoning
PL_CG
Parking
5 Spaces (2.05 Spaces per 1,000 SF Leased)
Frontage
320’ on 8th Ave W
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 26483-0040-9 | Improvements Assessment | $336,320 |
| Land Assessment | $250,580 | Total Assessment | $586,900 |
Property Taxes
Parcel Number
26483-0040-9
Land Assessment
$250,580
Improvements Assessment
$336,320
Total Assessment
$586,900
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