Absolute NNN Jimmy John's

The St. Petersburg-Tampa Metropolitan Statistical Area (MSA), situated along Florida’s Gulf Coast, is a vibrant and economically diverse region that serves as a critical hub for commerce, innovation, and connectivity. This dynamic metro area encompasses Tampa, St. Petersburg, and Clearwater, with proximity to the Gulf of Mexico, and boasts a robust infrastructure and access to major transportation routes. Tampa International Airport, recognized as one of the best airports in the nation, and St. Pete-Clearwater International Airport connect the region to key domestic and international markets, making it a highly accessible destination. As one of the largest metro areas in Florida, with a population exceeding 3.2 million residents, the St. Petersburg-Tampa MSA benefits from a rapidly growing economy supported by strong sectors in healthcare, finance, defense, technology, and higher education. Major employers such as BayCare Health System, Raymond James Financial, and MacDill Air Force Base have anchored the region’s stability and growth, while the University of South Florida fosters innovation and a skilled workforce. With more than 2,500 square miles of urban, suburban, and coastal space, the region offers diverse commercial opportunities. Business districts like Downtown Tampa, Westshore, and St. Petersburg’s Central Avenue are home to corporate headquarters, professional services, and a thriving entrepreneurial ecosystem, which continues to attract national and international investors. The area’s strategic location, combined with its ongoing infrastructure improvements and investments in transportation, have positioned it as a growing logistics and distribution hub. The St. Petersburg-Tampa region is also a top destination for tourists, with world-class cultural and recreational attractions such as the Salvador Dalí Museum, Busch Gardens-Tampa Bay, and some of the nation’s best beaches. This strong tourism sector further bolsters the local economy and enhances opportunities for restaurants & hospitality, retail, and entertainment ventures. As the MSA continues to evolve, the region remains focused on sustainable growth, innovation, and creating a business-friendly environment that supports long-term commercial investment. With an ideal blend of economic diversity, quality of life, and accessibility, the St. Petersburg-Tampa MSA is an attractive market for investors seeking opportunities in one of Florida’s most dynamic regions.This standalone Jimmy John’s, featuring a drive-thru, offers an exceptional investment opportunity in this busy South Tampa retail corridor. The Tenant currently pays $104,000 in annual rent, and the lease is structured as an Absolute NNN Lease, requiring zero landlord responsibilities. With a secure 10-year lease term, the agreement features a 10% rent escalation after Year 5 and two (2) five-year renewal options with 2.5% annual rent increases, providing consistent income growth. The property is situated on a 0.48-acre outparcel of Lowe’s Home Improvement Store, enhancing its visibility and benefiting from the high traffic generated by the national retailer. Located at a lighted intersection along South Dale Mabry Highway, the site sees traffic counts of 33,000 vehicles per day, which have grown by 6.5% year over year, further contributing to its excellent accessibility and exposure. Additionally, the Jimmy John's operator is a well-established franchisee, operating a total of 78 Jimmy John's locations throughout the United States, adding to the strength and stability of the tenant. This prime location, within the Tampa-St. Petersburg MSA, is surrounded by major national retailers and residential communities, making it an ideal property for investors seeking long-term, stable cash flow in a high-growth market.