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Income Producing Land off Gall Blvd

38535 Palm Grove Dr, Zephyrhills, FL 33542, USA
Available Now
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FOR SALEMixed Use / Multifamily + Retail
Cap Rate
6.02%
Building Size
6,217SF
Lot Size
3.4Ac
Zoning
C1
Currently Leased
No
Listing Contacts
Senior Associate
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AI Property Insights
Distilled from listing data, documents and public records · 30-second read

Newly constructed dual drive-thru 7 Brew Coffee in Brownwood, Texas, offered at $1,683,000 at a 6.00% cap ($101,000 NOI). The single-tenant asset is secured by a 15-year absolute NNN ground lease with 10% rent increases every five years and zero landlord responsibilities. The structure is fully passive and management-free, which suits out-of-state and 1031 buyers.

Built in 2025, the 510 SF building sits on a 44,431 SF (1.02-acre) C-1 parcel with 12 parking spaces along Commerce Street (US-84/US-377), Brownwood's primary commercial corridor. The trade area is anchored by Walmart Supercenter, Home Depot, and United Supermarkets, with neighboring national QSR brands such as Chick-fil-A, McDonald's, Whataburger, and Starbucks. About 36,000 residents live within ten miles.

Why it works
  • 15-year absolute NNN ground lease with zero landlord responsibilities
  • 10% rent increases every five years
  • New 2025 construction, dual drive-thru
  • Leased-fee ownership; passive, 1031-eligible income
  • Anchored corridor alongside Walmart Supercenter and Home Depot
  • --
  • *CORRECTED OUTPUT FOR THE PROVIDED RECORD:**
  • Income-producing mixed-use property in Zephyrhills, Florida, offered at $1,890,000 at a 6.02% cap ($113,719 NOI). The 3.4-acre site comprises seven contiguous parcels generating approximately $11,000 per month from residential rentals, RV storage, and a cabinet shop tenant, with tenants covering most utilities to maintain low operating costs and stable cash flow.
  • The 6,217 SF of improved space has received recent capital improvements including new septic systems, roofs, HVAC units, flooring, cabinets, and plumbing in several residential units, minimizing immediate maintenance needs for a new owner. Zoned C-2 and C-3, the property offers flexibility for continued income production or future commercial redevelopment. Located just off Gall Boulevard (US 301) with approximately 21,500 vehicles passing daily, the site enjoys convenient access to Tampa and Wesley Chapel in a rapidly growing market.
  • Highlights:
  • $11,000 monthly gross income from residential, RV storage, and commercial tenant
  • Recently renovated units with new septic, roofs, HVAC, and plumbing
  • Seven contiguous parcels zoned for commercial use and redevelopment
  • 21,500 daily vehicles on adjacent US 301 corridor
  • Turnkey investment with strong cash flow and long-term upside
AI-generated. Verify figures, lease terms & zoning before relying on them.

Available Properties

Total: 2
Property Name / Address
Year Built
Individual Price
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Location

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Income Producing Land off Gall Blvd
About the location

This 3.25± acre investment property in Zephyrhills, Florida, presents a compelling opportunity with strong in-place income and future redevelopment potential. Consisting of seven contiguous parcels, the property generates approximately $11,000 per month in gross income from residential rentals, RV storage spaces, and a cabinet shop tenant, while tenants cover most utility expenses, helping maintain low operating costs and stable cash flow. Recent capital improvements, including new septic systems, roofs, HVAC units, flooring, cabinets, and plumbing in several residential units, minimize immediate maintenance needs for a new owner. Zoned C-2 and C-3, the site offers flexibility for continued income production or future commercial development. Strategically located just off Gall Boulevard (US 301) with approximately 21,500 vehicles passing daily and convenient access to Tampa and Wesley Chapel, the property delivers a net operating income of $113,719 and a 6.02% cap rate, making it a turnkey investment with significant long-term upside in a rapidly growing market.

Documents

FILE
Flyer.pdf
13.30 MB · Listing document
Income Producing Land off Gall Blvd
6,217 SF · mixed-use · Zephyrhills · FL
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