Carvana

10335 Palm River Road
Tampa, FL 33619

Marketing Materials

Overview

JLL is pleased to offer for sale the fee-simple interest in a newly built Carvana location (the “Property”, or “Asset”) in Tampa, Florida. Situated within the brand-new Estuary mixed-use development, the Asset features a modern glass tower design, standing eight stories high with the ability to hold up to 32 vehicles. Carvana’s modern automotive sales model perfectly complements the greater Estuary development which houses a myriad of experiential retail concepts including TopGolf, Skyzone Trampoline Park and iFly Indoor Skydiving. Operating on an absolute net lease with nearly ten years remaining, the Asset represents an excellent opportunity to acquire an aesthetically striking asset leased to a cutting-edge company within a prominent and diversified development.
  • Primary Broker

    Eric Suffoletto - Net Lease Broker
    Eric Suffoletto
    (617) 316-6479

  • In-State Licensee

    Carson Good - Net Lease Broker
    Carson Good
    FL

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Investment Highlights
Freshly Executed Long Term Lease
Innovative Tenancy with Compelling Growth Story
Brand New Construction with Sleek Modern Design
Unmatched Accessibility & Surrounding Retail Diversity
Proven Success in Tampa Market
General
Property Type Retail
Property Address 10335 Palm River Road
Tampa, FL 33619
Market FL-Tampa/St. Petersburg
Land In Acres 1.83
Building Size 8,524 Square Feet
Primary Use Auto Dealership
Tenancy Single-Tenant
Financial
Price $3,350,000
Price PSF $393.01
Cap Rate 6.60%
Current NOI $220,000
Lease
Tenant Name Carvana
Annual Rent $220,000
Lease Expiration Date 3/31/2028
Remaining Term 9.5Yrs