TAKE 5 OIL CHANGE - BTS

1273 Commercial Way, Spring Hill, FL – Tampa MSA

0
Acres
$ 0 M USD
Project Cost
0 % IRR
Investor Returns
Sold
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business plan & results

The property required light interior renovation of empty units, recycling the current rent roll, and improving bad debt due to poor management. The property was successfully stabilized.

site & Project

The site consisted of a vacant out parcel located in Spring Hill, FL, at a very visible mid block location along Commercial Way. The development plan is to lease the property to Take 5 Oil, complete the site improvements, and construct the building based on Take 5 Oil specs, deliver it within 12 months and resale to income investor within 12-24 months.

sub-market

Located on the major traffic street, the property sits in front of the largest retail corridor in the area. Within 1-mile radius of subject property, the average household income is $124,027 an within 5-mile it is $144,708. The current population within a 5-mile radius is 131,019, seeing growth of 22.5% since the 2010 census. The population is projected to grow an additional 10.3% by 2026.

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