1008 E Tarpon Ave
Tarpon Springs, FL 34689
Take 5
| Offering Summary | |||
|---|---|---|---|
| Price | $1,846,000 | Cap Rate | 6.50% |
| NOI | $120,000.00 | Rentable SF | 2,880 SF |
| Lot Size | 29,185 SF | Year Built | 1999 / 2022 |
| Lease Type | Absolute NNN | Lease Term | 15 Years |
Investment Highlights
- 15-Year Absolute NNN Lease with 10% Increases Every 5 Years and (4) 5-Year Option Periods
- Signalized Corner Location at the Intersection of US Hwy 19 and E. Tarpon Ave, a High-Traffic Corridor with Combined Traffic Counts Exceeding 99,000 VPD
- Robust Trade Area — 144,777 Residents Within a 5-Mile Radius with an Average Household Income of $94,091
- Strong Retail Synergy — Positioned Among National Retailers Including Walmart, Publix, Lowe’s, Home Depot, CVS, AutoZone, and Circle K, with a Dense Concentration of Quick-Service Dining and High Traffic Counts
- Significant Residential Growth — Proximity to Planned 404-Unit Anclote Harbor Apartments and Tarpon Registry Development Currently Under Construction
- Part of the Tampa-St. Petersburg-Clearw
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For More Information, Please Contact:
John R Wertz
Managing Principal
(619) 218-6427
[email protected]