VALUE IS IN THE LAND!
ATTENTION: Ambitious drive-thru chain restaurateurs- your ground lease opportunity awaits. The owner is seeking a long-term tenant for a 10-year lease, however, will consider a 5-year lease with options to a strong tenant seeking long term occupancy. For qualified tenants, the owner may assist the tenant and build-to-suit. ** Landlord’s contribution will take into consideration the scope of tenant’s build-out costs.
This highly visible corner location offers approximately 21, 056 SF of redevelopment potential along one of Tampa’s most high-traffic corridors. Approx. 64, 000 VTD at this signalized intersection. The site is high/dry, paved, measures just under a half-acre and offers limitless opportunities for new business or a redevelopment project. All utilities are available at the site and the small building that is onsite may be repurposed or torn down. Highest and best use: QSR, drive-thru, vehicle rental, repair and sales dealership, small office, bank site, open market and more. The retail inventory in this area is scarce making this a key location and opportunity for a lessee or investor looking to relocate, start up or expand their business and get in on the growth of the Egypt Lake- Leto/ Pinecrest West Park community.
Located in the bustling Egypt Lake- Leto/ Pinecrest West Park community, this parcel boasts over 150’ of frontage along N. Dale Mabry Hwy and the CG zoning will allow for a multitude of commercial uses. Many types of businesses can do very well here. This area is exploding with new residential and commercial growth and is surrounded by many new/ (re)developments; you’ll be minutes from Town-N-Country, Carrollwood, Lowry Park, Drew Park, West Tampa, Downtown Tampa, Interstate 275 and the Veterans Expressway. Within a ½ mile radius of the subject site, are regional and national businesses that include: AdventHealth-Carrollwood, Walmart, Family Dollar, CVS, 7-Eleven, Hudson Furniture, Lazy Boy Furniture, Domino’s Pizza, McDonalds, Taco Bell, Dunkin, Peter Glenn Ski Sports, Triumph Motorcycles, AutoZone, O’Reilly’s, Meineke, NAPA, Enterprise Car Rental and Avis Car Rental to name a few. Call today for additional property details.
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William Raveis Mortgage, LLC
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $96,000 | $96,000 | $96,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $759 | $759 | $759 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $639 | $638 | $810 |
Total Monthly Payment | $1,473 | $1,472 | $1,644 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.