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Arby's 10059 US-301 2,596 SF Retail Building Riverview, FL 33578 $1,900,000 ($731.90/SF) 5.03% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute net leased Arby’s with 14+ years of term remaining
- Busy location within with 40,000+ ADT
- Riverview is a rapidly growing community within Greater Tampa
- No landlord responsibilities
- Annual rent increases
- Ranked #38 by Placer out of 152 Arby’s in Florida
EXECUTIVE SUMMARY
The KeyPoint Investment Sales Team has been exclusively engaged to sell the fee simple interest in 10011 US 301 which is ground leased to Arby’s through 12/31/2039. This passive investment has no landlord responsibilities.
It enjoys a great location within the Riverview retail corridor on busy US 301, which carries in excess of 40,000 vehicles per day. There are numerous name brand retailers and restaurants in the immediate vicinity including Waffle House, Chick-fil-A, Lowe’s, Aldi, McDonald’s, Wendy’s, and Wawa.
Broker of record is Jon Nesbitt FL license #3293258
It enjoys a great location within the Riverview retail corridor on busy US 301, which carries in excess of 40,000 vehicles per day. There are numerous name brand retailers and restaurants in the immediate vicinity including Waffle House, Chick-fil-A, Lowe’s, Aldi, McDonald’s, Wendy’s, and Wawa.
Broker of record is Jon Nesbitt FL license #3293258
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,596 SF
Building Class
C
Year Built
2019
Price
$1,900,000
Price Per SF
$731.90
Cap Rate
5.03%
NOI
$95,570
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.76 AC
Zoning
PD
Bike Score®
Very Bikeable (76)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | U-20-30-20-76X-000000-00005.1 | Improvements Assessment | $813,135 |
| Land Assessment | $525,665 | Total Assessment | $1,338,800 |
PROPERTY TAXES
Parcel Number
U-20-30-20-76X-000000-00005.1
Land Assessment
$525,665
Improvements Assessment
$813,135
Total Assessment
$1,338,800
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Arby's | 10059 US-301
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