4707 Commercial Way
Spring Hill, FL 34606
Speedway · Retail Property For Sale

JLL is pleased to offer for sale the fee-simple interest in a single-tenant Speedway (the Property or Asset ), located along a bustling thoroughfare in Spring Hill, Florida. Situated on the hard corner of Commercial Way and Breakwater Boulevard, the Asset features over 9 years remaining on a recent lease extension, zero landlord responsibilities, and a 10 percent rental increase after year 6. Speedway is backed by an investment-grade parent in Marathon Petroleum (S&P: BBB' ) and is ideally-positioned along a heavily-trafficked thoroughfare that hosts some of the most prominent retailers in the market. With over 33,000 residents living within a 3-mile radius of the Asset, this offering represents the opportunity to purchase a freestanding Speedway location situated directly on a major mode of transportation. The Tampa-St. Petersburg-Clearwater MSA continues to grow at high rates. In the past year, the population increased by over 57,000 people, ranking in the top 15 among major markets in the United States. Tampa and St. Petersburg were voted first and eleventh, respectively, on WalletHub' s Best Places to Retire list, which cited factors such as cost of living and availability of recreational activities. Tourism continues to boost Tampa' s economy, with a record breaking 97.3 million visitors. Tampa International Airport has seen a record increase in domestic travel, establishing itself further as an international travel hub. The Tampa-St. Petersburg-Clearwater MSA ranked first among the state' s metro areas for job-demand for March 2016, showing an increasingly stable employment market. In addition, Tampa ranked second in overall job growth percentage in the state of Florida with a 3.4% gain.