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Wallisa Cobb

wallisa@cobbrealtyhomes.com +1(850) 321-1008

$ 1,550,000

Est. payment | -/mo

15,820 SqFt

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$ 1,550,000

Est. payment | -/mo

Save

15,820 SqFt

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 15,820 sqft

Price per Sqft $97

MLS Listing ID 404049

Construction Status Metal Building,Roof - Metal

Lot Size 1.030 Acres

Property Sub-Type Retail

Property Description

CapRegion Realty LLC , is proud to present for sale a premium, absolute triple-net (NNN) commercial property located in Hudson, Florida. Priced at $1,550,000, this asset delivers an initial 5.76% cap rate ($86,400 annual NOI) supported by a highly unique lease structure that completely de-risks the investment for passive or 1031 exchange buyers. Operating under a corporate guarantee from General Parts Company (Genuine Parts Company, NYSE: GPC, S&P: BBB), the property features a specialized "rolling" 5-year lease structure. The lease auto-renewed on June 1, 2026, and automatically extends for 5 years annually unless the tenant provides a massive 4-year advance notice to vacate. This clause effectively guarantees the landlord uninterrupted, multi-year income security in perpetuity. Unlike traditional retail net leases that offer flat rents or minor adjustments, this lease includes an aggressive 3.25% annual compounding escalator. This structure creates a powerful hedge against inflation, driving the investor's yield-on-cost from 5.76% to 6.55% by Year 5 without any management overhead. Location & Tenant Overview: The subject property is strategically situated in Hudson, FL, within the high-growth Pasco County corridor of the Tampa Bay MSA. This location functions as a standard retail consumer storefront; , plus it operates as a critical regional "large truck parts" distribution hub. The facility serves as the logistical backbone for surrounding NAPA franchise operators in the area. The tenant's heavy reliance on this specific logistics hub ensures an incredibly sticky tenancy and high long-term real estate residual value. The tenancy is over 20 years as of August 2026 with the recent 5 year renewal there will be a 25th anniversary for NAPA in this location.

Location

State FL

County Other

Area Other

Interior

Heating Central Building

Cooling Central Building

Exterior

Parking Features 20

Road Frontage Government Maint., Main Thoroughfare, Paved, U.S. Highway

Building

Construction Status Metal Building,Roof - Metal

Others

Ownership Preiss Performance

SqFt Source Tax

Acceptable Financing Cash, Conventional, Exchange, Owner

Listing Terms Cash, Conventional, Exchange, Owner

Listed by Capregion Realty Services, LLC

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(850) 321-1008

wallisa@cobbrealtyhomes.com

2901 E Park Avenue, Unit 2700, Tallahassee, Florida 32301, United States

14717 US Highway 19 Highway Other Florida, FL 34667

Wallisa Cobb

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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14717 US Highway 19 Highway