Take 5 Oil Change | New 15-Year Absolute NNN 1008 E Tarpon Ave 2,880 SF Retail Building Tarpon Springs, FL 34689 $2,594,184 CAD ($900.76 CAD/SF) 6.50% Cap Rate

The subject property is a Take 5 Oil Change located in Tarpon Springs (Tampa), FL. The new 15-year absolute NNN lease includes 10% rental increases every 5 years during the primary term and in the (4) 5-year option periods. The property is strategically positioned at the signalized intersection of US Highway 19 and E. Tarpon Avenue, one of the most heavily trafficked corridors in Pinellas County, with traffic counts of 73,871 vehicles per day along US Hwy 19 and 25,510 vehicles per day along E. Tarpon Avenue, providing exceptional visibility and access to a constant flow of daily consumers.
Surrounded by a dense mix of national and regional retailers, the property benefits from strong retail synergy with neighboring tenants including Walmart Supercenter, Publix, Lowe's, Home Depot, CVS, AutoZone, Goodyear, Chase Bank, Bank of America, Circle K, and Wawa, along with a strong concentration of quick-service dining including Taco Bell, Arby's, McDonald's, Burger King, Dunkin', IHOP, Firehouse Subs, and Wendy's, all driving consistent daily traffic to the immediate trade area.
The surrounding trade area includes approximately 144,777 residents within a 5-mile radius with an average household income of $94,091. The area further benefits from significant residential growth drivers, including the planned 404-unit Anclote Harbor Apartments and the Tarpon Registry boutique hotel and retail development currently under construction at E. Tarpon Avenue, reinforcing long-term demand for automotive services in the market. The 5-mile trade area population is projected to grow by 2030, representing a 6.3% increase, while household growth within the 3-mile radius is projected at 4.4% over the same period. Tarpon Springs continues to attract new residents drawn by its coastal lifestyle, strong school systems, and proximity to the greater Tampa Bay employment base, further solidifying the area's long-term residential stability and consumer demand.