$2,000,000 Asking Price | 6% Target Cap Rate | Proposed 10-Year NNN Lease
Owner-Operated True Value Hardware | 9,289 SF | 0.71 Acres
Acquire the real estate while keeping an established operating business in place.
An attractive opportunity to acquire a well-positioned commercial property in North Tampa where the current owner/operator is open to selling the real estate and entering into a new 10-year NNN lease, creating a potential sale-leaseback opportunity for the purchaser.
INVESTMENT OVERVIEW
Asking Price: $2,000,000
Target Cap Rate: 6.0%
Proposed Annual Base Rent: $120,000
Proposed Monthly Base Rent: $10,000
Proposed Lease Term: 10 Years
Lease Structure: NNN
Building Area: Approximately 9,289 SF
Land Area: Approximately 0.71 Acres
Tenant: Established True Value Franchise / Current Owner-Operator
The property is currently owner-operated by an established True Value franchise hardware store. The current owner is open to selling the underlying real estate while remaining in the property under a new long-term NNN lease, allowing the business to continue operating from its established location.
This creates an attractive potential structure for an investor seeking long-term commercial income with an established operating business remaining in place.
Maintain an established business as the occupant following closing
Potentially create a hands-off, income-producing commercial investment
Benefit from long-term occupancy while retaining ownership of the underlying real estate
Under a proposed NNN structure, the tenant would be responsible for applicable property expenses such as real estate taxes, insurance, and maintenance, subject to the final lease agreement.
Proposed lease terms, rental rate, escalations, options, expense responsibilities, and other transaction terms are subject to negotiation and mutually acceptable final documentation.
OWNER-OPERATOR / STRATEGIC BUYER POTENTIAL
While the primary opportunity is designed to appeal to investors, the property may also be of interest to an owner-user, operator, or strategic buyer seeking a substantial commercial property in North Tampa.
With approximately 9,289 SF across two buildings on 0.71 acres, the property offers meaningful building area and land with potential flexibility for a variety of commercial strategies, subject to zoning, existing agreements, and applicable regulations.
The surrounding area provides an established base of commercial activity while benefiting from continued investment and redevelopment.
Two buildings
Currently owner-operated
Established True Value franchise hardware business
Current owner open to sale-leaseback structure
Potential for long-term rental income
Established North Tampa commercial location
Proximity to University Mall/Uptown
Strong accessibility and commercial exposure
Potential flexibility for investors and strategic buyers
This offering provides investors with the opportunity to acquire the real estate while allowing the current owner/operator to remain in place as a long-term tenant.Qualified purchasers are encouraged to inquire regarding the purchase price, proposed 10-year NNN lease, annual base rent, rent escalations, lease options, expense responsibilities, financial information, and other potential transaction structures.