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6310 Gunn Hwy 3,800 SF Retail Building Tampa, FL 33625 $3,133,896 CAD ($824.71 CAD/SF) 5.25% Cap Rate
Investment Highlights
- CORPORATE-BACKED SINGLE-TENANT GROUND LEASE (REGIONS BANK) NNN
- STRATEGIC TAMPA LOCATION – ESTABLISHED RETAIL CORRIDOR
- PROVEN LOCATION WITH LONG-TERM OPERATING HISTORY
Executive Summary
CORPORATE-BACKED SINGLE-TENANT GROUND LEASE
(REGIONS BANK)
The lease includes three (3) additional five-year renewal options, each featuring 12.5% rental increases, providing built-in income growth and long-term value appreciation potential. The property is leased to Regions Bank, a nationally recognized financial institution,providing a secure and stable income stream backed by a corporate tenant. The asset features a 3,847 SF freestanding bank branch situated on a ±1.18-acre (51,619 SF) parcel, originally constructed in 2004 and supported by 44 surface parking spaces.
PASSIVE, ABSOLUTE NNN GROUND LEASE STRUCTURE
This investment offers a true passive ownership structure, as the tenant is responsible for all property operating expenses, including real estate taxes, insurance, maintenance, and utilities. Theground lease format minimizes landlord responsibilities and provides predictable, hasslefree cash flow.
PROVEN LOCATION WITH LONG-TERM OPERATING HISTORY
Regions Bank has successfully operated at this location since 2004, demonstrating long-term commitment and strong site performance. The tenant recently exercised its first five-year renewal option, extending the lease through March 2029,reinforcing confidence in the location’s ongoing viability.
(REGIONS BANK)
The lease includes three (3) additional five-year renewal options, each featuring 12.5% rental increases, providing built-in income growth and long-term value appreciation potential. The property is leased to Regions Bank, a nationally recognized financial institution,providing a secure and stable income stream backed by a corporate tenant. The asset features a 3,847 SF freestanding bank branch situated on a ±1.18-acre (51,619 SF) parcel, originally constructed in 2004 and supported by 44 surface parking spaces.
PASSIVE, ABSOLUTE NNN GROUND LEASE STRUCTURE
This investment offers a true passive ownership structure, as the tenant is responsible for all property operating expenses, including real estate taxes, insurance, maintenance, and utilities. Theground lease format minimizes landlord responsibilities and provides predictable, hasslefree cash flow.
PROVEN LOCATION WITH LONG-TERM OPERATING HISTORY
Regions Bank has successfully operated at this location since 2004, demonstrating long-term commitment and strong site performance. The tenant recently exercised its first five-year renewal option, extending the lease through March 2029,reinforcing confidence in the location’s ongoing viability.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Bank
Building Size
3,800 SF
Building Class
B
Year Built
2004
Price
$3,133,896 CAD
Price Per SF
$824.71 CAD
Cap Rate
5.25%
NOI
$164,550 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.23 AC
Zoning
PD - PD Panned Development
Parking
44 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | U-12-28-17-ZZZ-000000-28800.0 | Improvements Assessment | $2,609,384 CAD |
| Land Assessment | $137 CAD | Total Assessment | $2,609,520 CAD |
Property Taxes
Parcel Number
U-12-28-17-ZZZ-000000-28800.0
Land Assessment
$137 CAD
Improvements Assessment
$2,609,384 CAD
Total Assessment
$2,609,520 CAD
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6310 Gunn Hwy
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