Property Description: THIS FULLY REMODELED 4-PUMP CHEVRON GAS STATION WITH A SIGNATURE "HARRY'S FOOD MART" C-STORE IS LOCATED IN BEAUTIFUL ZEPHYRHILLS, FL. THE PROPERTY SITS AT A SIGNALIZED INTERSECTION WITH HEAVY TRAFFIC! THIS STATION IS LOCATED DIRECTLY ACROSS THE STREET FROM THE NEW 500+ SINGLE-FAMILY HOME DEVELOPMENT NAMED "ABBOTT PARK." THIS ONE-OF-A-KIND INVESTMENT OPPORTUNITY COMES WITH A 4-PUMP STATION, A FULLY REMODELED "GO MARKET" FOOD MART, A NEW (20-YEAR) LEASE, & STRONG HISTORIC SALES. CURRENTLY, THE PROPERTY HAS A NEW 20-YEAR PURE NNN LEASE IN PLACE. THE LEASE WILL BE SIGNED AT CLOSING & RUN FOR A FULL 20-YEAR TERM. THE RENTAL RATE STARTS AT $20,500 (PER MONTH) IN 2024 AND WILL INCREASE BY 5%, EVERY 5 YEARS, UNTIL THE END OF THE 20-YEAR TERM. THE TENANT ALSO HAS (2) FIVE-YEAR OPTIONS TO EXTEND AFTER THE EXPIRATION OF THE INITIAL LEASE TERM. THIS GIVES THE BUYER LOCKED-IN SECURITY & FANTASTIC RENTAL INCOME FOR THE NEXT 20+ YEARS. THE LEASE IS FULLY GUARANTEED & BACKED BY A CHEVRON GAS AGREEMENT THROUGHOUT THE LEASE. THE PROPERTY CURRENTLY BOASTS AN IN-PLACE CAP RATE OF 7.5%. WITH THE RENTAL INCREASES EVERY 5 YEARS BUILT INTO THE CURRENT LEASE, THIS NUMBER WILL ONLY GROW! BY 2029, THE BUYER WILL EASILY SURPASS A CAP RATE OF 8% & THIS WILL RISE, 5 YEARS LATER TO ALMOST AN 9% CAP RATE WITH AN UPSIDE FOR MORE AFTER THE INITIAL TERM. BY THE FINAL YEARS OF THE LEASE THE CAP RATE WILL SURPASS 9.25%, WHICH IS AN AMAZING RETURN FOR A NNN ASSET THAT IS HANDS-OFF FOR THE BUYER! ASSUMABLE FINANCING APPROXIMATE TERMS: THE SELLER CURRENTLY HAS FINANCING IN PLACE THAT IS ASSUMABLE FOR A BUYER AT THE FOLLOWING TERMS: TOTAL DEBT: $2,600,000 7% FIXED IR 18-YEARS REMAINING ON THE LOAN MONTHLY PAYMENTS: $20,933.07 THESE FINANCING TERMS ARE BETTER THAN ANYTHING A BUYER CAN FIND ON THE OPEN MARKET AND WILL ALLOW THE DEAL TO CLOSE QUICKLY WITHOUT ADDITIONAL BANK FEES AND THE LONG, DRAWN-OUT LOAN PROCESS. THE LOAN HAS 18 YEARS REMAINING, AND THERE IS NO PREPAYMENT PENALTY IF THE BUYER WOULD WANT TO PAY THE NOTE OFF SOONER OR IF THEY DECIDE TO REFINANCE DOWN THE ROAD WHEN BANK RATES IMPROVE! CURRENTLY, THE PROPERTY HAS A BRAND NEW 20-YEAR PURE NNN LEASE IN PLACE. THE LEASE WILL BE SIGNED AT CLOSING AND RUN FOR A FULL 20-YEAR TERM. THE RENTAL RATE STARTS AT $20,500 (PER MONTH) IN 2024 AND WILL INCREASE BY 5%, EVERY 5 YEARS, UNTIL THE END OF THE 20-YEAR TERM. EVEN BETTER IS THE FACT THAT THE TENANT HAS (2) FIVE-YEAR OPTIONS TO EXTEND AFTER THE EXPIRATION OF THE INITIAL LEASE TERM. THIS GIVES THE BUYER LOCKED-IN SECURITY AND FANTASTIC RENTAL INCOME FOR THE NEXT 20+ YEARS. THE LEASE IS FULLY GUARANTEED AND BACKED BY A CHEVRON SUPPLY AGREEMENT THROUGHOUT THE LIFE OF THE LEASE. THE PROPERTY CURRENTLY BOASTS AN IN-PLACE CAP RATE OF APPROXIMATELY 7.5%. WITH THE RENTAL INCREASES EVERY 5 YEARS BUILT INTO THE CURRENT LEASE, THIS NUMBER WILL ONLY GROW! BY 2039, THE BUYER WILL EASILY SURPASS A CAP RATE OF 9%, AND THIS WILL RISE, 5 YEARS LATER TO OVER A 9% CAP RATE WITH AN UPSIDE FOR MORE AFTER THE INITIAL TERM. THIS IS THE PERFECT INVESTMENT OPPORTUNITY FOR SOMEONE LOOKING TO LOCK IN A STRONG LONG-TERM INCOME, $20,500 MINIMUM PER YEAR, WITH A STRONG AND PROVEN TENANT. THE OPERATOR (TENANT) MANY OTHER GAS STATIONS IN THE SURROUNDING AREA AND HAS BEEN RUNNING AND OPERATING GAS STATIONS FOR OVER 30 YEARS. THEY ARE SEASONED PROFESSIONALS WHO HAVE A STRONG TRACK RECORD AND A PROVEN BUSINESS MODEL THAT HAS BEEN WORKING FOR YEARS! ONE MAJOR ADVANTAGE FOR AN INVESTOR IS HOW EASY THIS ASSET IS TO MANAGE. DUE TO THE FACT THE TENANT IS RESPONSIBLE FOR ALL EXPENSES, INCLUDING BUT NOT LIMITED TO ALL PROPERTY REPAIRS, MAINTENANCE, UTILITIES, ALL OTHER CAM CHARGES, PROPERTY TAXES, AND INSURANCE AT THE PROPERTY. THIS ASSET IS VERY EASY TO MANAGE AND MAINTAIN FOR A BUYER WHO LIVES IN THE AREA OR EVEN AN OUT-OF-STATE INVESTOR! IT IS VIRTUALLY IMPOSSIBLE TO FIND ANY PURE NNN CHEVRON GAS STATION ON THE MARKET PRODUCING A 7.5%-9.25% CAP RATE LOCKED IN FOR THE NEXT 20 YEARS ANYWHERE ELSE. THIS OPPORTUNITY WILL NOT LAST LONG AS THE SECURITY OF THE TENANT IS IN PLACE AND THE RENTAL UPSIDE IS IMPOSSIBLE TO FIND ANYWHERE IN THIS MARKET. THE RECENT UPGRADES AND RENOVATIONS ONLY ADD TO THE VALUE-ADD NATURE OF THIS AMAZING ASSET! Location Description: LOCATED IN THE HEART OF ZEPHYRHILLS, FL! ON A SIGNALIZED INTERSECTION!