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Northern Tool + Equipment 44091 US Highway 19 N 25,461 SF Retail Building Tarpon Springs, FL 34689 $4,886,000 ($191.90/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate lease | Northern Tool & Equipment Company, Inc. | 140 locations across the US
- Located inside of dense retail corridor | 2.1M SF within a 2-mile radius
- Attractive population density within a 5-mile radius | 141,217 residents
- Great visibility & access from US Highway 19 | 63,000 VPD
- Large parcel | 2.39 acres
- Strong projected population growth over the next 5 years | 13.02% growth within a 1-mile radius
EXECUTIVE SUMMARY
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Northern Tool + Equipment in Tarpon Springs, FL. We welcome your review of this attractive investment.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Department Store
Building Size
25,461 SF
Building Class
B
Year Built/Renovated
2008/2022
Price
$4,886,000
Price Per SF
$191.90
Cap Rate
6.75%
NOI
$329,807
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
2.39 AC
Zoning
Commercial
Parking
109 Spaces (4.28 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 06-27-16-00000-120-0200 | Improvements Assessment | $3,467,379 |
| Land Assessment | $782,621 | Total Assessment | $4,250,000 |
PROPERTY TAXES
Parcel Number
06-27-16-00000-120-0200
Land Assessment
$782,621
Improvements Assessment
$3,467,379
Total Assessment
$4,250,000
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Northern Tool + Equipment | 44091 US Highway 19 N
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