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VERIZON & T-MOBILE – DAVENPORT, FL 43384 US-27 3,300 SF 100% Leased Retail Building Davenport, FL 33837 $2,963,538 CAD ($898.04 CAD/SF) 5% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Credit Tenants | Verizon & T-Mobile: National, investment-grade tenants with strong balance sheets and consistent customer demand
  • Prime Visibility & Access: Located on US-27 (76,327 CPD) with direct access and excellent signage opportunities.
  • Outparcel-Like Positioning: Across from major anchors with strong retail draw, boosting foot traffic
  • 10-Year NNN Leases: Long-term lease structures with built-in rental escalations, minimizing landlord responsibilities
  • Dominant Retail Corridor: Surrounded by national retailers including Target, Publix, BJ’s, Hobby Lobby, Marshalls, Best Buy, PetSmart, and more
  • Explosive Regional Growth: Davenport and the surrounding Polk County area are experiencing significant residential and commercial development

EXECUTIVE SUMMARY

An exceptional opportunity to acquire a fully stabilized, 100% occupied retail property featuring two of the nation’s leading telecommunications providers — Verizon and T-Mobile. Both tenants are secured under 10-year triple-net leases with structured rental escalations, offering investors long-term income security and built-in value appreciation.
Strategically located in the high-growth corridor of Davenport, FL, this property benefits from trophy-level frontage on US-27 with traffic counts exceeding 76,000 CPD, just half a mile south of I-4, one of Central Florida’s busiest interstate corridors with over 130,000 CPD. The property sits directly across from a Dick’s Sporting Goods/Ross-anchored center, driving synergistic retail traffic.
Situated in the Orlando-Tampa growth corridor, Davenport benefits from robust migration trends, residential housing expansion, and increasing consumer demand. Its location near I-4 places it within reach of major tourist destinations, logistics hubs, and a growing year-round population. Retail vacancy remains low in the area, supporting long-term rental growth and tenant demand.
This investment offers the security of long-term national tenants, prime Florida location, and a rare combination of visibility, credit, and lease term — making it ideal for 1031 buyers, institutional investors, and portfolio diversifiers seeking yield stability with upside potential in a Sun Belt market poised for continued expansion.
Broker of Record
Brian Brockman - Bang Realty-Naples, Inc
LIC # BK3327646

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
3,300 SF
Year Built
2018
Price
$2,963,538 CAD
Price Per SF
$898.04 CAD
Cap Rate
5%
NOI
$148,037 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.43 AC
Zoning
C - Commercial
Frontage
726’ on U.S. 27

AMENITIES

  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • T-Mobile
  • -
  • -
  • -
  • -
  • Verizon
  • -
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
T-Mobile - - - -
Verizon - - - -

NEARBY MAJOR RETAILERS

Eos Fitness
Five Guys
First Watch
Bob Evans Restaurants
SouthState Bank
TrustCo Bank
Starbucks
Denny's
Waffle House

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
27-26-18-000000-014170
Land Assessment
$263,907 CAD
Improvements Assessment
$433,817 CAD
Total Assessment
$697,723 CAD
  • Listing ID: 34936370

  • Date on Market: 2025-01-29

  • Last Updated:

  • Address: 43384 US-27, Davenport, FL 33837

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