Chevron - Net Lease Property for Sale
Zephyrhills, FL
Key Investment Metrics
Price
$3,800,000
Cap Rate
7.2%
Net Operating Income
$269,280
Building Size
2400 SF
Lot Size
2,400 SF
Land Area
1.07 Acres
Remaining Term
19 years
Lease Expiration
02/20/2045
Lease Term
20 years
Lease Commencement
01/01/2025
Lease Type
NNN
Tenant Credit
Credit Rated
Year Built
1986
Occupancy
100%
Tenancy
Single
Rent Increases
2% rental increases every year throughout the term of the lease
About This Chevron Net Lease Property
This Chevron NNN (triple net lease) property is located in Zephyrhills, FL and represents an excellent investment opportunity for commercial real estate investors. The property features 2400 square feet of building space and was built in 1986.
With a cap rate of 7.2%, this Chevron net lease property offers stable income potential. The asking price is $3,800,000, making it an attractive option for 1031 exchange investors seeking quality Chevron commercial properties.
Why Invest in Chevron NNN Properties?
- Stable Income: Chevron net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Chevron is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Zephyrhills, FL Market Overview
Located in Zephyrhills, FL, this Chevron property benefits from strong local demographics and market fundamentals. The Zephyrhills area offers excellent visibility and accessibility, making it an ideal location for Chevron operations and a solid investment for net lease property buyers.