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7620 Palm River Rd
Tampa, FL 33619
Retail Property For Sale
Investment Highlights
- Absolute NNN – Zero Landlord Responsibilities
- Largest Little Caesars Franchisee – Sizzling Platter
- 2% Annual Rent Increases
Executive Summary
STABILIZED STNL CASH FLOW WITH UPSIDE POTENTIAL
Income-producing asset offering immediate cash flow with the ability to enhance value through future leasing or repositioning strategies.
STRONG FRANCHISEE – LARGEST Little Caesars OPERATOR
Operated by Sizzling Platter, an institutionalquality franchisee and the largest Little Caesars operator globally, providing operational strength and reliability.
MULTIPLE RENEWAL OPTIONS PROVIDE CONTINUITY & FLEXIBILITY
Four (4) additional five-year options offer continued income potential while allowing ownership to adapt to evolving market conditions.
BUILT-IN RENT GROWTH
2% annual rent increases beginning September 1, 2026, with continued scheduled growth, supporting long-term income appreciation.
RECESSION-RESISTANT QSR INVESTMENT
Nationally recognized quick-service concept with strong brand loyalty and consistent demand across economic cycles.
VALUE-ADD & MARK-TO-MARKET OPPORTUNITY
Potential to capture future upside through lease renewal, rental adjustments, or strategic repositioning in a growing submarket.
PRIME TAMPA INFILL LOCATION
Positioned within a dense and established trade area benefiting from strong demographics, workforce population, and ongoing growth.PASSIVE INVESTMENT WITH LIMITED MANAGEMENT RESPONSIBILITY STNL
Structure allows for a hands-off investment approach with no landlord obligations.
ATTRACTIVE RISK-ADJUSTED RETURN PROFILE
Combination of in-place income, contractual rent increases, and future upside potential creates a compelling investment opportunity.
Income-producing asset offering immediate cash flow with the ability to enhance value through future leasing or repositioning strategies.
STRONG FRANCHISEE – LARGEST Little Caesars OPERATOR
Operated by Sizzling Platter, an institutionalquality franchisee and the largest Little Caesars operator globally, providing operational strength and reliability.
MULTIPLE RENEWAL OPTIONS PROVIDE CONTINUITY & FLEXIBILITY
Four (4) additional five-year options offer continued income potential while allowing ownership to adapt to evolving market conditions.
BUILT-IN RENT GROWTH
2% annual rent increases beginning September 1, 2026, with continued scheduled growth, supporting long-term income appreciation.
RECESSION-RESISTANT QSR INVESTMENT
Nationally recognized quick-service concept with strong brand loyalty and consistent demand across economic cycles.
VALUE-ADD & MARK-TO-MARKET OPPORTUNITY
Potential to capture future upside through lease renewal, rental adjustments, or strategic repositioning in a growing submarket.
PRIME TAMPA INFILL LOCATION
Positioned within a dense and established trade area benefiting from strong demographics, workforce population, and ongoing growth.PASSIVE INVESTMENT WITH LIMITED MANAGEMENT RESPONSIBILITY STNL
Structure allows for a hands-off investment approach with no landlord obligations.
ATTRACTIVE RISK-ADJUSTED RETURN PROFILE
Combination of in-place income, contractual rent increases, and future upside potential creates a compelling investment opportunity.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,500 SF
Building Class
C
Year Built
2017
Price
$1,533,818
Price Per SF
$1,022.55
Cap Rate
5.50%
NOI
$84,360
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.46 AC
Opportunity Zone
Yes
Zoning
CG - CG Restaurant Drive In
Parking
17 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
139’ on Palm River Road
Amenities
- Restaurant
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
Property Taxes
| Parcel Number | U-23-29-19-ZZZ-000001-50471.5 | Improvements Assessment | $438,460 |
| Land Assessment | $180,340 | Total Assessment | $618,800 |
Property Taxes
Parcel Number
U-23-29-19-ZZZ-000001-50471.5
Land Assessment
$180,340
Improvements Assessment
$438,460
Total Assessment
$618,800
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