Taco Bell - Tampa

7620 W Hillsborough Ave Tampa , FL 33615-4106

Taco Bell - Tampa - retail for sale

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Overview



Single-tenant Taco Bell for sale in Dade City, in the Tampa Bay area of Florida. The property has direct visibility to Hillsborough Avenue and is strategically located across from a Big Lots-anchored retail center that is supported by TJ Maxx and Auto Zone. The property sits on 0.92 acres of land and has a low rent to sales ratio compared to other QSRs in the area. Tampa Bay, along Florida’s Gulf Coast, is a major business center and also known for its museums and cultural offerings.

Investment highlights


  • Fee simple interest
  • Property features an absolute NNN lease structure with over 14 years of original term remaining
  • Zero landlord responsibilities
  • Tenant is BDE Florida, a regional franchisee with approximately 25 Taco Bell locations and operates with a personal guarantee
General
Property type Retail
Tenure type Sale/Purchase
Property address 7620 W Hillsborough Ave, Tampa, FL 33615-4106
Land in acres 0.92
Building size 2,253  ft2
Year built 2006
Financial
Price $2,167,000
Cap rate 5.25%
Current NOI $113,749.00
Lease
Tenant's name Bde Florida, LLC
Lease type NNN
Annual rent $113,749.00
Lease expiration date 07/01/2033
Remaining term 13.8Yrs

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