Skip to main content

Auto Service - Gas-Conv

Florida Oil (Chevron)

7950 Wire Rd, Zephyrhills, FL 33540

Listing Price: $3,075,000

Cap Rate
7.50%
Tenant Name
Chevron
Gross SF
2,400
Guarantor
Personal Guarantee
Rentable SF
2,400
Price/Gross SF
$1,281.25
Lease Type
Absolute Net
Rent Per Square Feet
$96.09

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Chevron in Zephyrhills, FL. The property consists of a 2,400-square-foot, freestanding building that sits on approximately 1.07 acres of land. There are 20 years remaining on the lease with 10 percent rental increases every five years.

Investment Highlights

  • 20-Year Absolute Net Lease Sale-Leaseback with 10 Percent Rental Escalations Every Five Years | Chevron Gas Station/C-Store
  • Strong Personal Guaranty
  • Recent Renovations with New HVAC, Roof, and Fully Renovated Interior
  • Next to Abbott Park, A Sprawling Single-Family Home Development Featuring Over 500 Homes
  • One Mile North of Florida Hospital Zephyrhills, a 139-Bed Regional Medical Center

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Auto Service - Gas-Conv

Florida Oil (Chevron)

Listing Price: $3,075,000

Cap Rate
7.50%
Tenant Name
Chevron
Gross SF
2,400
Guarantor
Personal Guarantee
Rentable SF
2,400
Price/Gross SF
$1,281.25
Lease Type
Absolute Net
Rent Per Square Feet
$96.09

Investment Highlights

  • 20-Year Absolute Net Lease Sale-Leaseback with 10 Percent Rental Escalations Every Five Years | Chevron Gas Station/C-Store
  • Strong Personal Guaranty
  • Recent Renovations with New HVAC, Roof, and Fully Renovated Interior
  • Next to Abbott Park, A Sprawling Single-Family Home Development Featuring Over 500 Homes
  • One Mile North of Florida Hospital Zephyrhills, a 139-Bed Regional Medical Center

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Chevron in Zephyrhills, FL. The property consists of a 2,400-square-foot, freestanding building that sits on approximately 1.07 acres of land. There are 20 years remaining on the lease with 10 percent rental increases every five years.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

MM Texture Background
MM Textured Background Lower