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712 S Collins St 5,340 SF Retail Building Plant City, FL 33563 $1,100,000 ($205.99/SF) 6.22% Cap Rate



Investment Highlights
- Strong frontage and visibility along S. Collins Street
- Modified NNN lease with limited landlord responsibilities
- Commercial zoning with redevelopment potential
- 100% leased to an established multi location restaurant operator
- Minutes from Downtown Plant City and I 4
- Ample on site parking
Executive Summary
712 S. Collins Street presents an exceptional opportunity to acquire a fully leased single tenant net leased investment in the heart of Plant City, Florida. Offered at $1,100,000, the property consists of a 5,340 square foot freestanding commercial building situated on approximately 0.76 acres with excellent visibility and frontage along South Collins Street.
The property is occupied by a well established local restaurant operator with multiple locations throughout the Tampa Bay area. The tenant operates under a modified NNN lease with 2.5% annual rent increases, providing consistent income growth while minimizing landlord responsibilities. The current lease extends through November 30, 2029, with one additional five year renewal option, offering investors stable in place cash flow and long term income potential.
Beyond the existing income stream, the property's generous site size and commercial zoning provide exceptional long term redevelopment and repositioning potential as Plant City continues to experience strong residential and commercial growth. This offering presents an attractive opportunity for investors seeking a stabilized asset with immediate cash flow, contractual rent growth, and future appreciation in one of the Tampa Bay area's fastest growing markets. Owner is a Licensed Florida Real Estate Broker.
The property is occupied by a well established local restaurant operator with multiple locations throughout the Tampa Bay area. The tenant operates under a modified NNN lease with 2.5% annual rent increases, providing consistent income growth while minimizing landlord responsibilities. The current lease extends through November 30, 2029, with one additional five year renewal option, offering investors stable in place cash flow and long term income potential.
Beyond the existing income stream, the property's generous site size and commercial zoning provide exceptional long term redevelopment and repositioning potential as Plant City continues to experience strong residential and commercial growth. This offering presents an attractive opportunity for investors seeking a stabilized asset with immediate cash flow, contractual rent growth, and future appreciation in one of the Tampa Bay area's fastest growing markets. Owner is a Licensed Florida Real Estate Broker.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,340 SF
Building Class
C
Year Built/Renovated
1965/2018
Price
$1,100,000
Price Per SF
$205.99
Cap Rate
6.22%
NOI
$68,468
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.77 AC
Zoning
C-2
Parking
50 Spaces (9.36 Spaces per 1,000 SF Leased)
Frontage
204’ on S COLLINS St
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- The Wooden Spoon
- Accommodation and Food Services
- -
- -
- Triple Net
- Aug 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| The Wooden Spoon | Accommodation and Food Services | - | - | Triple Net | Aug 2028 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | P-32-28-22-5DS-000004-00000.1 | Improvements Assessment | $190,050 |
| Land Assessment | $403,850 | Total Assessment | $593,900 |
Property Taxes
Parcel Number
P-32-28-22-5DS-000004-00000.1
Land Assessment
$403,850
Improvements Assessment
$190,050
Total Assessment
$593,900
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712 S Collins St
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