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Pizza Hut & T-Mobile 13785-13789 Walsingham Rd 2,600 SF 100% Leased Retail Building Largo, FL 33774 $1,107,717 ($426.05/SF) 6% Cap Rate
Investment Highlights
- Two Tenant Strip Center Shadow Anchored by Walmart Neighborhood Market | Roughly 800K Annual Visits (Placer)
- Pizza Hut Operated by Flynn Restaurant Group | Largest Pizza Hut Franchisee in the country (+1,300 Units)
- Below-Market Leases | Pizza Hut & T-Mobile Paying ±$26/SF Compared to Market Rent of $30.24/SF | Offering Upside Potential
- Florida Income Tax-Free State
- Proven Location | Pizza Hut Has Been Successfully Operating At This Location Since 2003 | 22+ Years
- T-Mobile Operated by GP Mobile | Experienced Authorized Retailer w/ Over 400 Units
Executive Summary
Two Tenant Strip Center Shadow Anchored by Walmart Neighborhood Market | Roughly 800K Annual Visits (Placer)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,600 SF
Building Class
B
Year Built/Renovated
2004/2007
Price
$1,107,717
Price Per SF
$426.05
Cap Rate
6%
NOI
$66,427
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.30 AC
Zoning
CG
Frontage
Walk Score®
Very Walkable (80)
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-30-15-85513-000-0010 | Improvements Assessment | $399,969 |
| Land Assessment | $195,031 | Total Assessment | $595,000 |
Property Taxes
Parcel Number
07-30-15-85513-000-0010
Land Assessment
$195,031
Improvements Assessment
$399,969
Total Assessment
$595,000
Contacts
-
Deno Bistolarides -
Gino Kassab -
Leonard Minuto -
Dante Hargis -
Encore Real Estate Investment Services
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Pizza Hut & T-Mobile | 13785-13789 Walsingham Rd
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