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5808 N Florida Ave
Tampa, FL 33604
Office Property For Sale
Investment Highlights
- Strong Corporate Guaranty - Operator has Multiple Locations Across 8 States - This is Their 2nd Tampa Location
- Completely Remodeled in 2025 - 100% Bonus Depreciation of Improvements
- 13.5 Years Remaining on Term with 2% Annual Increases to Hedge Against Inflation
- Location Acts as Commissary for Hyde Park Location
Executive Summary
CBRE is pleased to present the opportunity to acquire a fully remodeled, single-tenant net leased property occupied by The Salty Donut in Tampa‘s Seminole Heights neighborhood, one of Tampa‘s most recognized urban neighborhoods
The tenant s is currently 1.5 years into a 15 year base term, which includes 2% annual rent increases and four 5-year options to renew, delivering dependable, inflation-hedged income over a long investment horizon. The building was completely remodeled in 2025, requiring no near-term capital expenditure. The Seminole Heights location serves a dual operational role: it functions as a neighborhood retail shop open to the public daily from 7 a.m. to 6 p.m., and it operates as a commissary kitchen supporting The Salty‘s Hyde Park Village location in Tampa. This dual-use designation makes the site operationally critical to the tenant‘s Tampa market, adding a meaningful layer of retention strength beyond what a single-purpose retail location typically provides.
The tenant s is currently 1.5 years into a 15 year base term, which includes 2% annual rent increases and four 5-year options to renew, delivering dependable, inflation-hedged income over a long investment horizon. The building was completely remodeled in 2025, requiring no near-term capital expenditure. The Seminole Heights location serves a dual operational role: it functions as a neighborhood retail shop open to the public daily from 7 a.m. to 6 p.m., and it operates as a commissary kitchen supporting The Salty‘s Hyde Park Village location in Tampa. This dual-use designation makes the site operationally critical to the tenant‘s Tampa market, adding a meaningful layer of retention strength beyond what a single-purpose retail location typically provides.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
1,408 SF
Building Class
C
Year Built/Renovated
1926/2022
Price
$2,300,000
Price Per SF
$1,633.52
Cap Rate
7.15%
NOI
$164,450
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,408 SF
Building FAR
0.08
Lot Size
0.42 AC
Zoning
CI - "CI" typically stands for Commercial Intensive, and it designates areas intended for intensive, highly automotive-oriented commercial uses.
Parking
10 Spaces (7.1 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | A-36-28-18-4EK-000021-00005.0 | Improvements Assessment | $624,200 |
| Land Assessment | $100 | Total Assessment | $624,300 |
Property Taxes
Parcel Number
A-36-28-18-4EK-000021-00005.0
Land Assessment
$100
Improvements Assessment
$624,200
Total Assessment
$624,300
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