The property is secured by a long-term, corporate-backed lease that includes fixed 10% rental increases throughout each of the three, 5-year option periods.
The lease is Absolute NNN, with the tenant bearing full responsibility for all property expenses, including real estate taxes, insurance, common area maintenance (CAM), roof, and structural components. This creates truly passive, management-free investment ideal for investors seeking stable, hands-off income.
Leased to a nationally recognized corporate tenant, Pep Boys, this investment combines credit-backed security with true passive ownership
Ideally located along N Dale Mabry Highway, one of Tampa’s most prominent and heavily trafficked retail arteries which sees over 70,500 Vehicles Per Day, the property benefits from exceptional visibility. The surrounding trade area is anchored by a strong lineup of national retailers and continues to experience robust residential and commercial growth, further enhancing long-term demand fundamentals.
The ±4,757 SF 6-bay automotive building is situated on a±0.65-acre parcel, providing for a perfect building layout that will attract many different users should Pep Boys ever leave. This is a true real estate play that holds intrinsic value no matter who the tenant is.