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Stonewood Grill & Tavern 17050 Palm Pointe Dr 6,969 SF Retail Building Tampa, FL 33647 $3,491,000 ($500.93/SF) 6.50% Cap Rate
Executive Summary
Stonewood Grill & Tavern - NNN Sale Leaseback
Tenant Will Execute a New 10 Year Lease Agreement
NOI - $226,946 Increases to $249,629 on 9/1/27
10% Increases Every 5 Years - 2 Extension Options - 5 Years Each
Stonewood Was Founded in 1998 With 7 Florida Locations
Well Performing Location With Strong Rent to Sales
Landlord Responsibilities Limited to Roof and Structure
6,969 SF Stand Alone Building Located at The Pointe at Tampa Palms
100+ Parking Spaces - 2.48 Acres
Less Than 1 Mile West of I-75
Surrounded by Big Box Retailers and Large Office Complexes
Tenant Will Execute a New 10 Year Lease Agreement
NOI - $226,946 Increases to $249,629 on 9/1/27
10% Increases Every 5 Years - 2 Extension Options - 5 Years Each
Stonewood Was Founded in 1998 With 7 Florida Locations
Well Performing Location With Strong Rent to Sales
Landlord Responsibilities Limited to Roof and Structure
6,969 SF Stand Alone Building Located at The Pointe at Tampa Palms
100+ Parking Spaces - 2.48 Acres
Less Than 1 Mile West of I-75
Surrounded by Big Box Retailers and Large Office Complexes
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,969 SF
Building Class
B
Year Built
2002
Price
$3,491,000
Price Per SF
$500.93
Cap Rate
6.50%
NOI
$226,946
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.48 AC
Zoning
PD-A
Parking
103 Spaces (14.78 Spaces per 1,000 SF Leased)
Nearby Major Retailers
Property Taxes
| Parcel Number | A-23-27-19-5VH-000000-00008.0 | Improvements Assessment | $2,245,200 |
| Land Assessment | $100 | Total Assessment | $2,245,300 |
Property Taxes
Parcel Number
A-23-27-19-5VH-000000-00008.0
Land Assessment
$100
Improvements Assessment
$2,245,200
Total Assessment
$2,245,300
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Stonewood Grill & Tavern | 17050 Palm Pointe Dr
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