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Express Oil Change - Tampa (Lecanto) FL 2110 Lecanto Hwy 6,000 SF Retail Building Lecanto, FL 34461 $5,527,843 CAD ($921.31 CAD/SF) 5.10% Cap Rate
INVESTMENT HIGHLIGHTS
- New 15-Year Lease | Scheduled Rental Increases | Corporate Signed Lease | Well-Known & Established Tenant
- Shoppes at Black Diamond Outparcel | Signalized Intersections | Target Anchored Development | Brand New Construction
- Absolute NNN Ground Lease | Leased Fee | No State Income Tax |Zero Landlord Responsibilities
- Local Demographics 5-Mile Trade Area
EXECUTIVE SUMMARY
• Express Oil signed a 15-year lease with 5 (5-year) options to extend
• The lease features 7.5% rental increases every 5 years starting in LY 11 and at the beginning of each option period, growing NOI and hedging against inflation
• Express Oil Change & Tire Engineers is a leading provider of automotive services with a strong focus on speed, quality, and customer satisfaction
• Founded in 1979, the company has grown to over 300 locations across the United States, offering a comprehensive range of services including oil changes, tire replacements, brake services, and general automotive maintenance
• The lease features 7.5% rental increases every 5 years starting in LY 11 and at the beginning of each option period, growing NOI and hedging against inflation
• Express Oil Change & Tire Engineers is a leading provider of automotive services with a strong focus on speed, quality, and customer satisfaction
• Founded in 1979, the company has grown to over 300 locations across the United States, offering a comprehensive range of services including oil changes, tire replacements, brake services, and general automotive maintenance
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
B
Year Built
2025
Price
$5,527,843 CAD
Price Per SF
$921.31 CAD
Cap Rate
5.10%
NOI
$281,976 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.70 AC
Zoning
Commercial - Commercial
Parking
22 Spaces (3.67 Spaces per 1,000 SF Leased)
Frontage
126’ on North Lecanto Highway
AMENITIES
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
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Express Oil Change - Tampa (Lecanto) FL | 2110 Lecanto Hwy
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