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INVESTMENT HIGHLIGHTS
Long-Term Absolute NNN Sale Leaseback - The owner will be executing a brand new, 10-year absolute triple-net (NNN) lease with 3% annual rent escalators, providing the landlord with a passive income.
Below Market Rent / SF - The annualized lease rate of $9.15/SF NNN is below market, and yields a 9% cap rate at the asking price.
Tenant Positioned for High Growth - Century Boats has almost $4 million in their backlog of orders and is well positioned to increase production and significantly grow the business.
Mission Critical Real Estate - Century Boats has been operating from the building since 2014 and it serves as their sole manufacturing facility.
Strong Industrial Market - The Tampa industrial market has experienced significant growth in recent years with persistent low vacancy rates and yearly average rent increases over 10%.
Significant Land Area | Almost 8 Acres - The property consists of 7.82 acres, allowing for future expansion and increased potential for long-term appreciation.
Accessible Location - The property is ideally situated along a major thoroughfare in close proximity to US 301, approximately one mile from Zephyrhills Municipal Airport and 40 miles from Port Tampa Bay.
Potential Future Rail Access - The property is adjacent to railroad tracks that run along the west border, which could allow the site to be set up for train loading/unloading in the future.
