16135 US Highway 301 2,400 SF Retail Building Dade City, FL 33523 $3,800,000 ($1,583.33/SF) 7.10% Cap Rate

THIS FULLY REMODELED 4-PUMP AMOCO GAS STATION WITH A SIGNATURE "HARRY’S FOOD MART" C-STORE IS LOCATED IN BEAUTIFUL DADE CITY, FL. THE PROPERTY SITS AT A SIGNALIZED INTERSECTION WITH HEAVY TRAFFIC! THIS STATION IS LOCATED IN THE WESLEY CHAPEL AREA, ONE OF THE FASTEST-GROWING AREAS IN ALL OF FLORIDA. THIS ONE-OF-A-KIND INVESTMENT OPPORTUNITY COMES WITH A 4-PUMP STATION, A FULLY REMODELED "HARRY’S" FOOD MART, A NEW (20-YEAR) PURE NNN LEASE, & STRONG HISTORIC SALES.
CURRENTLY, THE PROPERTY HAS A NEW 20-YEAR PURE NNN LEASE IN PLACE. THE LEASE WAS SIGNED IN 2025 AND RUNS FOR A FULL 20-YEAR TERM. THE RENTAL RATE STARTS AT $22,440 (PER MONTH) IN 2026 AND WILL INCREASE BY 2% EVERY YEAR, UNTIL THE END OF THE 20-YEAR TERM. THE TENANT ALSO HAS (2) FIVE-YEAR OPTIONS TO EXTEND AFTER THE EXPIRATION OF THE INITIAL LEASE TERM. THIS GIVES THE BUYER LOCKED-IN SECURITY & FANTASTIC RENTAL INCOME FOR THE NEXT 20+ YEARS. THE LEASE IS FULLY GUARANTEED & BACKED BY AN AMOCO/BP GAS AGREEMENT THROUGHOUT THE LEASE.
THE PROPERTY CURRENTLY BOASTS AN IN-PLACE CAP RATE OF 7.1%. WITH THE RENTAL INCREASES EVERY YEAR BUILT INTO THE CURRENT LEASE THIS NUMBER WILL ONLY GROW! BY 2030, THE BUYER WILL EASILY SURPASS A CAP RATE OF 8% & THIS WILL RISE, 5 YEARS LATER, TO ALMOST AN 8.5% CAP RATE WITH AN UPSIDE FOR MORE AFTER THE INITIAL TERM. BY THE FINAL YEARS OF THE LEASE, THE CAP RATE WILL SURPASS 10%, WHICH IS AN AMAZING RETURN FOR AN NNN ASSET THAT IS HANDS-OFF FOR THE BUYER.
CURRENTLY, THE PROPERTY HAS A BRAND NEW 20-YEAR PURE NNN LEASE IN PLACE. THE LEASE WAS SIGNED AT THE BEGINNING OF 2025 AND RUNS FOR A FULL 20-YEAR TERM. THE RENTAL RATE IS CURRENTLY $22,440 (PER MONTH) IN 2026 AND WILL INCREASE BY 2% EVERY YEAR UNTIL THE END OF THE 20-YEAR TERM. EVEN BETTER IS THE FACT THAT THE TENANT HAS (2) FIVEYEAR OPTIONS TO EXTEND AFTER THE EXPIRATION OF THE INITIAL LEASE TERM. THIS GIVES THE BUYER LOCKED-IN SECURITY AND FANTASTIC RENTAL INCOME FOR THE NEXT 20+ YEARS. THE LEASE IS FULLY GUARANTEED AND BACKED BY AN AMOCO/BP SUPPLY AGREEMENT THROUGHOUT THE LIFE OF THE LEASE.
THE PROPERTY CURRENTLY BOASTS AN IN-PLACE CAP RATE OF APPROXIMATELY 7.1%. WITH THE CURRENT RENTAL INCREASES EVERY YEAR BUILT INTO THE CURRENT LEASE, THIS NUMBER WILL ONLY GROW! BY 2040, THE BUYER WILL EASILY SURPASS A CAP RATE OF 9%, AND THIS WILL RISE 5 YEARS LATER TO OVER A 10% CAP RATE WITH AN UPSIDE FOR MORE AFTER THE INITIAL TERM. THIS IS THE PERFECT INVESTMENT OPPORTUNITY FOR SOMEONE LOOKING TO LOCK IN A STRONG LONG-TERM INCOME, $269,280 MINIMUM PER YEAR, WITH A STRONG AND PROVEN TENANT. THE OPERATOR (TENANT) HAS MANY OTHER GAS STATIONS IN THE SURROUNDING AREA AND HAS BEEN RUNNING AND OPERATING GAS STATIONS FOR OVER 36 YEARS. THEY ARE SEASONED PROFESSIONALS WHO HAVE A STRONG TRACK RECORD AND A PROVEN BUSINESS MODEL THAT HAS BEEN WORKING FOR YEARS!
ONE MAJOR ADVANTAGE FOR AN INVESTOR IS HOW EASY THIS ASSET IS TO MANAGE. DUE TO THE FACT THAT THE TENANT IS RESPONSIBLE FOR ALL EXPENSES, INCLUDING BUT NOT LIMITED TO ALL PROPERTY REPAIRS, MAINTENANCE, UTILITIES, ALL OTHER CAM CHARGES, PROPERTY TAXES, AND INSURANCE AT THE PROPERTY. THIS ASSET IS VERY EASY TO MANAGE AND MAINTAIN FOR A BUYER WHO LIVES IN THE AREA OR EVEN AN OUT-OF-STATE INVESTOR! THE TENANT HAS
IT IS VIRTUALLY IMPOSSIBLE TO FIND ANY PURE NNN AMOCO GAS STATION ON THE MARKET PRODUCING A (7.1%-10%) CAP RATE LOCKED IN FOR THE NEXT 20 YEARS ANYWHERE ELSE. A BUYER WILL ALSO HAVE THE ABILITY TO PURCHASE THE VACANT PARCEL DIRECTLY NEXT DOOR, PERFECT FOR DEVELOPMENT. THIS OPPORTUNITY WILL NOT LAST LONG AS THE SECURITY OF THE TENANT IS IN PLACE, AND THE RENTAL UPSIDE IS IMPOSSIBLE TO FIND ANYWHERE IN THIS MARKET. THE RECENT UPGRADES AND RENOVATIONS ONLY ADD TO THE VALUE-ADD NATURE OF THIS AMAZING ASSET!