DAYBREAK MARKET (BBB+ CREDIT) – PARRISH, FL 11515 US-301 12,672 SF Retail Building Parrish, FL 34219 $11,784,000 ($929.92/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
- Currently qualifies for Bonus Depreciation allowing Landlord to accelerate 60% of the building, cost of canopies, fuel tanks/pumps, equipment, etc.
- Excellent visibility/access on US-301 with traffic counts of 24,330 CPD!
- S&P BBB+ Investment Credit Rated & Moody’s Baa1 Rated Tenant owns & operates the largest refinery in the United States!
- This fee simple (land & building) ownership asset is currently under construction on a large ±2.0-acre lot including 12 fuel pumps
- 2023 DEMOGRAPHICS: Total Population (5-MI): 72,191 | Average Household Income (1-MI): $122,588
EXECUTIVE SUMMARY
(Building & Land) Fee Simple
In Association with Designated Broker:
Brian Brockman – Broker
License #: BK3327646
Bang Realty, Inc
bor@bangrealty.com
513-898-1551
In Association with Designated Broker:
Brian Brockman – Broker
License #: BK3327646
Bang Realty, Inc
bor@bangrealty.com
513-898-1551
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,672 SF
Year Built
2024
Price
$11,784,000
Price Per SF
$929.92
Cap Rate
6%
NOI
$707,038
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.00 AC
Zoning
C
Frontage
313’ on U.S. 301
AMENITIES
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Daybreak Market
- Accommodation and Food Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Daybreak Market | Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4715-0070-9 | Improvements Assessment | $0 |
| Land Assessment | $1,456,985 | Total Assessment | $1,456,985 |
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Research In Progress - Research In Progress
