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1797 Hillsborough Ave Tampa, FL 33603

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For Sale
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High-Yield Net Lease, Prime Location

Property size:
2,503 SF

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

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Listing Contact
Ari Ravi
Ari Ravi

Listing Agency: Ripco Real Estate Listing Agent: Ari Ravi

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

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Property Insight Report

Overview

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 Profile Insight Report Location Intelligence

Current Use by Public Records

Nationwide Interlock Building Supply Performance Autoworks Inc. Car Dealership Starbucks Cafe & Coffee Shop Nationwide Ignition Interlock Building Supply

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

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 Call to check price and availability
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