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11829 N Armenia Ave
Tampa, FL 33612
Fresh Stop: Tampa, FL · Retail Property For Sale
Investment Highlights
- Fresh Stop is a fast-growing convenience-store operator offering fresh food, quality fuel, and everyday essentials in modern, customer-focused stores.
- 2.00% annual rent increases through the primary term and in each of the four, 5-year renewal options.
- Investors benefit from fee simple ownership of the building and land, allowing for the potential benefits of bonus depreciation.
- At closing, Fresh Stop will execute an individual 20-year absolute NNN lease featuring a guaranty from Madison Capital Group LLC.
- The absolute NNN structure shifts all expenses (taxes, insurance, maintenance/repairs, CAM) entirely onto Tenant.
Executive Summary
CBRE is pleased to exclusively offer for sale the 2,217 SF Fresh Stop on 0.72 acres in Tampa, FL. At closing, Fresh Stop will execute an individual 20-year absolute NNN lease featuring a guaranty from Madison Capital Group LLC and 2.00% annual rent increases through the primary term and in each of the four, 5-year renewal options.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Service Station
Building Size
2,217 SF
Building Class
C
Year Built
1981
Price
$4,288,700
Price Per SF
$1,934.46
Cap Rate
7.25%
NOI
$310,931
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.72 AC
Zoning
CN
Property Taxes
| Parcel Number | U-11-28-18-ZZZ-000000-85960.0 | Improvements Assessment | $604,519 |
| Land Assessment | $564,774 | Total Assessment | $1,169,293 |
Property Taxes
Parcel Number
U-11-28-18-ZZZ-000000-85960.0
Land Assessment
$564,774
Improvements Assessment
$604,519
Total Assessment
$1,169,293
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