Investment Opportunity - Starbucks Tampa, Fl

  • This newly built 2,503 SF property in Tampa, FL features modern construction and high visibility on bustling W Hillsborough Ave, with over 54,500 vehicles passing daily.

  • Strong national tenant;Starbucks Corporation (NASDAQ: SBUX), rated BBB+ by S&P, ensuring security and long-term stability for investors.

  • Long-term lease commitment: A brand-new 10-year NN+ lease with six 5-year extension options showcases the tenant’s confidence in this thriving location.

  • Built-in rent growth: Strong 10% rental increases every five years, protecting your investment from inflation and steadily growing NOI.

  • Minimal landlord responsibilities. With a NN+ structure covering roof and structure only,

  • Located in a high income, no-state-income-tax market, offering both strong returns and a favorable investment environment

  • Favorable drive-thru and ample parking space allow convenient access.

Location

1797 W Hillsborough Ave

 

More Details

NOI:
Cap Rate:
Leasable Area:
Lot Size:
Year Built:
Guarantor:
Term:
Renewal Options:
Rent Increases:
Lease Type:

$210,000 ($84/sf)7.00%
5.50%f
2,503 sf
0.84 Acres
2024
Starbucks (NASDAQ: SBUX) S&P: BBB+
9-2024 / 9-2034
Six, 5-yr options
10% Every 5 Years
Roof & Structure

Price
$3,818,182 ($1,525/sf)

Floor Plans
get presentation
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