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Verizon: Seffner, FL 11865 Dr Martin Luther King Jr blvd 2,464 SF Retail Building Seffner, FL 33584 $3,983,217 CAD ($1,616.57 CAD/SF) 5.75% Cap Rate
Executive Summary
?Brand-New 10-Year Modified NNN Lease with Renewal Options: Commencing in August 2026, Verizon’s modified NNN lease will feature 10 years of primary term and four, 5-year options to renew. Rent increases every 5 years by (i) 5% by default, or (ii) by the 5-year change in CPI (not to exceed 10%) if elected by Landlord.
?Excellent Access & Visibility: Located less than 13 miles east of downtown Tampa, Verizon is positioned with excellent access and visibility along East Martin Luther King Jr. Boulevard (40,500 VPD) and less than 2 miles east of the on-ramp to I-75 (183,000 VPD) and its interchange with I-4 (161,000 VPD) just one exit north— a major highway connecting Tampa Bay and Central Florida that was recently upgraded.
?Strategic Location: Verizon is positioned across East Martin Luther King Jr. Boulevard from a shopping center home to Walmart, Publix, Bealls, Rainbow Shops, Sally Beauty, Wingstop, Pizza Hut and Cricket Wireless, among others. Based on the recent construction plans, the existing Publix in this center is relocating from its current spot at Mango Square to a much larger, 47,304-square-foot prototype store at Pine St and E. MLK Jr Blvd in Seffner, complete with a standalone liquor store and a dedicated truck bypass. Plans also include a proposed multi-family residential development located directly adjacent to the site.
?Excellent Access & Visibility: Located less than 13 miles east of downtown Tampa, Verizon is positioned with excellent access and visibility along East Martin Luther King Jr. Boulevard (40,500 VPD) and less than 2 miles east of the on-ramp to I-75 (183,000 VPD) and its interchange with I-4 (161,000 VPD) just one exit north— a major highway connecting Tampa Bay and Central Florida that was recently upgraded.
?Strategic Location: Verizon is positioned across East Martin Luther King Jr. Boulevard from a shopping center home to Walmart, Publix, Bealls, Rainbow Shops, Sally Beauty, Wingstop, Pizza Hut and Cricket Wireless, among others. Based on the recent construction plans, the existing Publix in this center is relocating from its current spot at Mango Square to a much larger, 47,304-square-foot prototype store at Pine St and E. MLK Jr Blvd in Seffner, complete with a standalone liquor store and a dedicated truck bypass. Plans also include a proposed multi-family residential development located directly adjacent to the site.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,464 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$3,983,217 CAD
Price Per SF
$1,616.57 CAD
Cap Rate
5.75%
NOI
$229,035 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.42 AC
Zoning
C - Commercial
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | U-10-29-20-29L-000001-00001.0 | Improvements Assessment | $13,499 CAD |
| Land Assessment | $255,113 CAD | Total Assessment | $268,611 CAD |
Property Taxes
Parcel Number
U-10-29-20-29L-000001-00001.0
Land Assessment
$255,113 CAD
Improvements Assessment
$13,499 CAD
Total Assessment
$268,611 CAD
Contacts
-
Thomas Carr -
Christopher Bosworth -
Brian Pfohl -
Ty Grenier -
Mark Drazek -
Leah Lindell -
Abby Kelly -
CBRE
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Verizon: Seffner, FL | 11865 Dr Martin Luther King Jr blvd
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