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Starbucks - Tampa (Wesley Chapel) FL 27825 Wesley Chapel Blvd 2,507 SF Retail Building Wesley Chapel, FL 33544 $3,502,000 ($1,396.89/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- 8 Years Remaining | 2023 Construction | Options to Extend | Corporate Signature | 10% Rent Bumps
- Signalized, Hard Corner Intersection | Part of Larger Development | Near Several Retail Centers | Off I-75 (135,300 VPD)
- Trinity Sports and Entertainment Development
- NN Leased | Fee Simple Ownership | No State Income Tax |Limited Landlord Responsibilities
- Local Demographics in 5-Mile Trade Area | Six-Figure Income |Wesley Chapel
EXECUTIVE SUMMARY
Triple net leased Starbucks with 8 years remaining on the lease.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,507 SF
Building Class
B
Year Built
2023
Price
$3,502,000
Price Per SF
$1,396.89
Cap Rate
5.75%
NOI
$201,365
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.11 AC
Zoning
C2 - General Commercial
Parking
32 Spaces (12.76 Spaces per 1,000 SF Leased)
Frontage
167’ on Wesley Chapel Boulevard
AMENITIES
- Pylon Sign
- Restaurant
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12-26-19-0130-00000-0020 | Improvements Assessment | $381,542 |
| Land Assessment | $1,099,229 | Total Assessment | $1,480,771 |
PROPERTY TAXES
Parcel Number
12-26-19-0130-00000-0020
Land Assessment
$1,099,229
Improvements Assessment
$381,542
Total Assessment
$1,480,771
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Starbucks - Tampa (Wesley Chapel) FL | 27825 Wesley Chapel Blvd
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