DAYBREAK MARKET – WESLEY CHAPEL, FL

Wesley Chapel, FL

Price $12,228,000
Cap Rate 6.00%
TYPE Single-Tenant
STATUS Available
Tenant S&P BBB+ Investment Grade Tenant
LEASE TYPE Absolute NNN
SQUARE FEET 13,173
YEAR BUILT 2024
LEASE EXP. 10/31/2044
CONTACT Justin Zahn
480-718-5555
[email protected]

Property Description

Daybreak has a Brand new 20-year Absolute NNN lease with attractive 7% rental escalations every 5 years – the Tenant is responsible for all expenses. The Tenant, S&P BBB+ Investment Credit Rated & Moody’s Baa1 Rated Tenant owns & operates the largest refinery in the United States! It Currently qualifies for Bonus Depreciation allowing Landlord to accelerate 60% of the building, cost of canopies, fuel tanks/pumps, equipment, etc. in the first year!

This fee simple (land & building) ownership asset is currently under construction on a large ±1.758-acre (hard corner) lot including 12 fuel pumps (24 fueling stations) with excellent visibility/access on US-27 with traffic counts of 34,732 CPD! Located in coveted Wiregrass Master Planned (5,000 acre) community! Major retailers in Wesley Chapel includes Walmart, Sam’s Club, Hobby Town, Pottery Barn, Publix, T.J. Maxx, Ross Dress for Less, Dick’s Sporting Goods, Bealls, Old Navy, Macy’s, Dillard’s, JCPenney, Homesense, Best Buy, PetSmart, Office Depot, Michaels, Barnes & Noble, Five Below, Ulta Beauty, Goodwill, World Market, Ashley, Haverty’s, ABC Fine Wine, B& B Theaters, Planet Fitness, and Crunch Fitness. Daybreak is 12.5 miles from the University of South Florida, a public research university with its main campus in Tampa, offering more than 240 degree programs with total enrollment of 49,766 students in all 3 campuses; 3 miles from AdventHealth Wesley Chapel – specializing in care for patients with acute care illness & injuries with 169 private patient rooms, 35 ER beds & 12 operating rooms; 5 miles from BayCare Hospital Wesley Chapel – an 86-bed facility providing comprehensive medical services & health care resources including an emergency department, and intensive care unit, diagnostic services & surgical services.

BROKER OF RECORD
Brian Brockman
Bang Realty-Naples, Inc.
LIC # BK3327646

Property Highlights

  • Brand new 20-year Absolute NNN lease with attractive 7% rental escalations every 5 years - the Tenant is responsible for all expenses.
  • Currently qualifies for Bonus Depreciation allowing Landlord to accelerate 60% of the building, cost of canopies, fuel tanks/pumps, equipment, etc. in the first year!
  • 2023 DEMOGRAPHICS: Total Population (5-MI): 137,781 | Average Household Income (1-MI): $144,583
  • S&P BBB+ Investment Credit Rated & Moody’s Baa1 Rated Tenant owns & operates the largest refinery in the United States!
  • This fee simple (land & building) ownership asset is currently under construction on a large ±1.758-acre (hard corner) lot including 12 fuel pumps (24 fueling stations) with excellent visibility/access on US-27 with traffic counts of 34,732 CPD! Located in coveted Wiregrass Master Planned (5,000 acre) community!