6912 Big Bend Rd
Gibsonton, FL 33534
Circle K - Dunkin' Donuts · Retail Property For Sale

Marcus & Millichap is pleased to exclusively offer for sale this Circle K - Dunkin Donuts, a 4,888-square-foot gas station strip center located in Tampa Bay MSA. The subject property is perfectly positioned between Riverviews two major North-South thoroughfares, US-41 and I-75, exposing the property to over 27,000 cars per day on Big Bend Road. The subject property is 100 percent leased to a Circle-K convenience store with Shell gas, Dunkin Donuts and L&L Buddha Vapor & Smoke Shop. Circle-K has more than 10 years remaining on their net lease, and both Circle K and Dunkin' Donuts have occupied the center for nearly 10 years. Dunkin Donuts pays eight percent of their annual sales as rent, providing an investor with future upside as sales increase. The subject property is located in southeastern Hillsborough county, the fastest growing submarket in the Tampa Bay MSA. The population within a five-mile radius of the subject property has exploded over the last decade with an increase of 63 percent as many new homes and master-planned communities have been developed. The subject property is ideally located right outside two large master planned communities Kings Lake and Waterset. Including these two communities, there are over 11,500 homes within a three-mile radius of the subject property. With over 5,000 residential homes under development, and more on the horizon, southeastern Hillsborough and the area immediately surrounding the subject property, are expected to continue to see explosive population growth contributing to above average rent and sales growth. Riverview is situated between Bradenton and Tampa. Downtown Tampa is only 15 miles away and is currently undergoing a $3 billion expansion. Known as Water Street, the Downtown Tampa development is expected to lure several hundred thousand residents into the Tampa Bay market over the next decade and contribute to further population growth.