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    1797 Hillsborough Ave Tampa, FL 33603

    Sponsored
    For Sale
    $4,000,000

    High-Yield Net Lease, Prime Location

    Property size:
    2,503 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a brand-new, 2,503 square foot Starbucks located at 1797 W Hillsborough Ave, Tampa, FL 33603. The property boasts a 10-year net lease with six 5-year renewal options, featuring a corporate guarantee from Starbucks Corporation. The lease includes a 10% rental increase every five years, providing inflation protection and significant NOI growth. Built in 2024, this single-story building sits on a high-traffic thoroughfare with an AADT of 54,500 vehicles. The property benefits from strong demographics, including a population of 14,423 and an average household income of $82,411 within a one-mile radius. The asking price is $4,000,000, yielding a 5.25% cap rate and a current NOI of $210,000. The property is zoned CI - Commercial Intensive, and the landlord responsibilities are limited to roof, structure, parking lot paving, and utility systems. The tenant is responsible for all other maintenance and expenses, including taxes and insurance. This is a low-maintenance, high-return investment in a prime Tampa location, offering significant long-term value and stability. The property's proximity to Tampa International Airport and major roadways further enhances its appeal. This is a rare opportunity to acquire a newly constructed, high-performing asset with a blue-chip tenant in a thriving market.

    Property Features for 1797 Hillsborough Ave

    General Information

    Property type
    Restaurants
    Square Feet
    2,503 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1

    HighLights

    • 2,503 SF Starbucks on high‑traffic Hillsborough Ave, Tampa, FL (AADT 54,500).
    • Strong demographics: 14,423 population and $82,411 average household income within one mile.
    • Investment‑grade tenant (Starbucks Corp., S&P: BBB+) with a 10‑year net lease, six 5‑year options, and 10% rent increases every five years.
    • Minimal landlord responsibilities: roof, structure, parking lot paving, and utility systems; tenant responsible for all other maintenance and expenses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nationwide Interlock Safety Equipment Supplier Performance Autoworks Inc. Used Car Dealer Starbucks Coffee Shop Nationwide Ignition Interlock Safety Equipment Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4800419
    Latitude
    27.9963022

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    FAQs

    What type of property is this?
    Restaurant - High-Yield Net Lease, Prime Location
    Where is this restaurant located?
    The property is located at 1797 Hillsborough Ave Tampa, FL.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: 2,503 SF Starbucks on high-traffic Hillsborough Ave, Tampa, FL (AADT 54,500).; Strong demographics: 14,423 population and $82,411 average household income within one mile.; Investment-grade tenant (Starbucks Corp., S&P: BBB+) with a 10-year net lease, six 5-year options, and 10% rent increases every five years.
    (727) 452-6864
    Request Owner's contact information
    1797 Hillsborough Ave Tampa, FL 33603
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    Tampa, FL 33603
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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
    1797 Hillsborough Ave Tampa, FL 33603
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