offering memorandum (l)...kw commercial 5020 w linebaugh ave, ste. 100 tampa, fl 33624 7.85 cap...
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KW COMMERCIAL
5020 W Linebaugh Ave, Ste. 100
Tampa, FL 33624
7.85 CAP Retail Portfolio
OFFERING MEMORANDUM
COACH COOKAgent0: 813.319.6461C: [email protected]
PRESENTED BY:
TAMPA, FL
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kwcommercial.com 2
OFFERING MEMORANDUM
Confidentiality & DisclaimerTAMPA, FL
All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness ,veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financialperformance of the property for any party’s intended use or any and all other matters.
Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived,or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and othermatters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independentprofessionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KWCommercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial does not serve as a financial advisor to any partyregarding any proposed transaction.
All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that maybe provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with acertified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies withapplicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by NWTampa in compliance with all applicable fair housing and equal opportunity laws.
KW COMMERCIAL
5020 W Linebaugh Ave, Ste. 100
Tampa, FL 33624
PRESENTED BY:
COACH COOKAgent0: 813.319.6461C: [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otherconditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors shouldconduct your own investigation of the property and transaction.
www.kwcommercial.com 3
PROPERTY INFORMATION
1 | PROPERTY INFORMATION
EXECUTIVE SUMMARY
PROPERTY DETAILS
ADDITIONAL PHOTOS
1PROPERTY INFORMATION9417 N NEBRASKA AVE
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kwcommercial.com 4
OFFERING SUMMARY
SALE PRICE: $500,000
CAP RATE: 7.85%
NOI: $39,235
LOT SIZE: 0.22 Acres
BUILDING SIZE: 2,373
ZONING: Commercial Intensive
PRICE / SF: $210.70
PROPERTY OVERVIEWKW Commercial is proud to present this retail portfolio for sale. This offering includes two buildings with two separate tenants.Each on Month to Month leases producing an 7.85 cap rate. This is a great opportunity for anyone looking to receive a size-ablereturn on one's investment. Just north of Busch Blvd and east of I275, one can expect plenty of traffic to accommodate theseretail spaces. With one tenant being a restaurant and the other being auto glass company open for 18 years, these tenants haveproven track records.
PROPERTY HIGHLIGHTS• 7.85 Cap Rate
• Retail investment
• Size-able Return
Executive Summary
9714 N NEBRASKA AVE 1 | PROPERTY INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 5
SALE PRICE $500,000
LOCATION INFORMATIONStreet Address 9714 N Nebraska Ave
City, State, Zip Tampa, FL 33612
County/Township Hillsborough
BUILDING INFORMATIONBuilding Size 2,373 SF
Occupancy % 100%
Tenancy Multiple
Load Factor Yes
PROPERTY DETAILSProperty Type Retail
Property Subtype Restaurant
Zoning Commercial Intensive
Lot Size 0.22 Acres
APN# A-24-28-18-3EE-000005-00019.0
Property Details
9417 N NEBRASKA AVE 1 | PROPERTY INFORMATION
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Additional Photos
9417 N NEBRASKA AVE 1 | PROPERTY INFORMATION
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LOCATION INFORMATION
2 | LOCATION INFORMATION
REGIONAL MAP
LOCATION MAPS
AERIAL MAP
2LOCATION INFORMATION9417 N NEBRASKA AVE
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kwcommercial.com 8
Regional Map
9417 N NEBRASKA AVE 2 | LOCATION INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 9
Location Maps
9417 N NEBRASKA AVE 2 | LOCATION INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 10
Aerial Map
9417 N NEBRASKA AVE 2 | LOCATION INFORMATION
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FINANCIAL ANALYSIS
3 | FINANCIAL ANALYSIS
FINANCIAL SUMMARY
INCOME & EXPENSES
RENT ROLL
TENANT PROFILES
3FINANCIAL ANALYSIS9417 N NEBRASKA AVE
OFFERING MEMORANDUM
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INVESTMENT OVERVIEW
Price $500,000
Price per SF $210.70
CAP Rate 7.85%
OPERATING DATA
Net Operating Income $39,235
Financial Summary
9417 N NEBRASKA AVE 3 | FINANCIAL ANALYSIS
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INCOME SUMMARY PER SF
Gross Income $42,000 $17.70
EXPENSE SUMMARY PER SF
Insurance $1,767 $0.74
2019 Taxes $996 $0.42
Gross Expenses $2,764 $1.16
Net Operating Income $39,235 $16.53
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Income & Expenses
9417 N NEBRASKA AVE 3 | FINANCIAL ANALYSIS
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TENANT
NAME
UNIT
SIZE (SF)
ANNUAL
RENT
Carmelle Cuisine 1,360 $30,000
Colombia Auto Glass 1,013 $12,000
Totals/Averages 2,373 $42,000
Rent Roll
9417 N NEBRASKA AVE 3 | FINANCIAL ANALYSIS
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Company: Carmelle Cuisine
Company: Colombia Auto Glass
Lease Rate/Colombia Auto Glass: 1,000
Lease Rate/Carmelle Cuisine: 2500.00
OVERVIEW
•
Carmelle Cusiine is a Haitian restaurant in the Tampa Bay area. It treats its customers toauthentic Haitian cuisine serving lunch and dinner for the past 3 years. Rated 4.5 starsout of 5 and with more than 100 reviews on google, this is a favorite spot for locals in thearea. With a population of more than 133,000 people within a 3 mile radius, one canexpect ample business for this restaurant.
CARMELLE CUISINE
Colombia Auto Glass has been at this location for the past 18 years and continues to bea local provider for reasonable auto glass repair. Offering new and used auto glass forany cars or trucks they are a quick and reasonable option for anyone in the need ofwindshield replacement. Colombia Auto Glass is a proven repair shop in this area andcontinues to be a suitable tenant.
COLOMBIA AUTO GLASS
Tenant Profiles
9417 N NEBRASKA AVE 3 | FINANCIAL ANALYSIS
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DEMOGRAPHICS
4 | DEMOGRAPHICS
DEMOGRAPHICS MAP
4DEMOGRAPHICS9417 N NEBRASKA AVE
OFFERING MEMORANDUM
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POPULATION 1 MILE 2 MILES 3 MILES
Total Population 16,936 63,557 133,073
Median Age 33.5 33.4 34.1
Median Age (Male) 33.9 33.2 33.5
Median Age (Female) 32.6 33.6 34.8
HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES
Total Households 6,051 23,292 50,443
# Of Persons Per HH 2.8 2.7 2.6
Average HH Income $39,093 $41,956 $43,999
Average House Value $128,446 $157,847 $189,234
* Demographic data derived from 2010 US Census
Demographics Map
9417 N NEBRASKA AVE 4 | DEMOGRAPHICS