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    17050 Palm Pointe Dr Tampa, FL 33647

    For Sale
    $3,782,433

    NNN sale leaseback opportunity with a new 10-year lease.

    Property size:
    6,969 SF

    Property Features for 17050 Palm Pointe Dr

    General Information

    Size
    6,969 SF

    Building Details

    Year built
    2002

    Source: Carl W. Lentz IV, MBA, CCIM Agent Carl W. Lentz IV, MBA, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Stonewood Grill NNN Sale Leaseback

    This property features a Stonewood Grill & Tavern operating under a NNN sale-leaseback agreement. The tenant will execute a new 10-year lease agreement. Founded in 1998, Stonewood has 7 Florida locations. The stand-alone building is 6,969 square feet and is located at The Pointe at Tampa Palms on a 2.48-acre lot with over 100 parking spaces. The net operating income (NOI) is $226,946, with increases to $249,629 on September 1, 2027. The lease includes 10% increases every 5 years and two extension options of 5 years each. Landlord responsibilities are limited to the roof and structure. The property is less than 1 mile west of I-75 and is surrounded by big box retailers and large office complexes, just off I-75 at Bruce B Downs Blvd. This is a well-performing location with strong rent to sales.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stonewood Grill & Tavern Bar & Grill

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3802792
    Latitude
    28.1184191

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    FAQs

    What type of property is this?
    Restaurant - NNN sale leaseback opportunity with a new 10-year lease.
    Where is this restaurant located?
    The property is located at 17050 Palm Pointe Dr Tampa, FL.
    What is the asking price?
    The asking price for this property is $3,782,433.
    What are key features of this property?
    This property features: - NNN Sale Leaseback with a new 10-year lease agreement; - Net Operating Income (NOI) of $226,946, increasing to $249,629 on 9/1/27; - 10% rent increases every 5 years with two 5-year extension options
    (386) 566-3726
    Request Owner's contact information
    17050 Palm Pointe Dr Tampa, FL 33647
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    Tampa, FL 33647
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17050 Palm Pointe Dr Tampa, FL 33647
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