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Chipotle | Largo (Tampa MSA), FL 13677 Walsingham Rd 2,905 SF Retail Building Largo, FL 33774 $4,861,000 ($1,673.32/SF) 4.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-year lease with 10% rent bumps every 5 years
- 78,000+ population, $435,000+ median home value and $111,000+ AHHI within a 3-mile radius
- Walsingham Rd (Hwy 688) is a major east-west connector providing direct and easy access to Interstate 275 and Downtown Tampa
- Hard signalized corner with 31,000+ VPD
- Adjacent to Barclay Square (1.9M visits), Walsingham Commons (1.6M visits) and Indian Rocks Shopping Center (1.4M visits)
- 1.5 miles east of Indian Rocks Beach and 2 miles west of the 47-mile-long Pinellas Trail
EXECUTIVE SUMMARY
TSCG is pleased to offer for sale a 15-year Abs NNN Chipotle in Largo (Tampa MSA), FL. The oversized 2,900+ SF building features a Chipotlane drive thru and is situated at a hard signalized corner with 31,000+ VPD. The Property benefits from its proximity to Indian Rocks Beach (1.5 miles), Walsingham Commons, Indian Rocks Shopping Center and Barclay Square. Major retailers nearby include Publix, Walmart Neighborhood Market, Bealls, Starbucks and Wawa. Chipotle is strategically located along SR 688, a major east-west thoroughfare providing access to Tampa, St. Pete-Clearwater International Airport and Interstate 275.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,905 SF
Building Class
B
Year Built/Renovated
2004/2025
Price
$4,861,000
Price Per SF
$1,673.32
Cap Rate
4.50%
NOI
$218,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.61 AC
Zoning
C-2 - Commercial
Frontage
160’ on Walsingham Road
AMENITIES
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 08-30-15-46619-000-0010 | Improvements Assessment | $488,895 |
| Land Assessment | $381,105 | Total Assessment | $870,000 |
PROPERTY TAXES
Parcel Number
08-30-15-46619-000-0010
Land Assessment
$381,105
Improvements Assessment
$488,895
Total Assessment
$870,000
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Chipotle | Largo (Tampa MSA), FL | 13677 Walsingham Rd
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