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Verizon Wireless 11865 Dr Martin Luther King Jr blvd 2,464 SF Retail Building Seffner, FL 33584 $2,959,800 ($1,201.22/SF) 5.50% Cap Rate
Investment Highlights
- Brand-New 10-Year Modified NNN Lease with Renewal Options
- Less Than 2 Miles from the On-Ramp to I-75 (183,000 VPD) and its Interchange with I-4 (161,000 VPD)
- 2.1 MSF of Retail, 4.1 MSF of Office, 6.1 MSF of Industrial & 6,423 Multifamily Units Within 3-Miles
- Excellent Access & Visibility Along East Martin Luther King Jr. Boulevard (40,500 VPD)
- Across from Mango Square | Walmart, Publix, Bealls, Rainbow Shops, Sally Beauty, Wingstop, Pizza Hut and Cricket Wireless, among others
- Located Less than 13 Miles East of Downtown Tampa (MSA Population: 3.36M)
Executive Summary
The CBRE Net Lease Property Group is pleased to offer for sale the 2,464-square-foot Verizon Wireless situated on 0.42 acres in Seffner, Florida—a component of the broader Tampa-St. Petersburg-Clearwater, FL MSA (Population: 3.36M+). Commencing in June 2026, Verizon’s modified NNN lease will feature 10 years of primary term and four, 5-year options to renew. Rent increases every 5 years by (i) 5% by default, or (ii) by the 5-year change in CPI (not to exceed 10%) if elected by Landlord.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,464 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$2,959,800
Price Per SF
$1,201.22
Cap Rate
5.50%
NOI
$162,792
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.42 AC
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | U-10-29-20-29L-000001-00001.0 | Improvements Assessment | $9,515 |
| Land Assessment | $179,824 | Total Assessment | $189,339 |
Property Taxes
Parcel Number
U-10-29-20-29L-000001-00001.0
Land Assessment
$179,824
Improvements Assessment
$9,515
Total Assessment
$189,339
Contacts
-
Thomas Carr -
Christopher Bosworth -
Brian Pfohl -
Ty Grenier -
Mark Drazek -
Leah Lindell -
Abby Kelly -
CBRE
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Verizon Wireless | 11865 Dr Martin Luther King Jr blvd
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