1797 W Hillsborough Ave, Tampa, FL 33603
- Office buildings
- 1,632 SF
- 0.87 lot acres
Current Use by Public Records
- Nationwide Interlock / Building Supply / General Contractor
- Performance Autoworks Inc. / Car Dealership
- Starbucks / Cafe & Coffee Shop
- Nationwide Ignition Interlock / Building Supply / General Contractor
Property Details for 1797 W Hillsborough Ave
- Year built
- 1947
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.87 lot acres
- Zone code
- CI
- Property type
- Office buildings
- APN
- A3528183H0000009000200
- APU
- A3528183H0000009000200
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 3, 2022 | $975,000 | Rocwell Mohawk LLC | Samex Holdings LLC | Special Warranty Deed | $2.6M · Vast Bank NA |
| Jul 6, 2015 | $645,000 | Samex Holdings LLC | Adibi Mehdi | Warranty Deed | — |
| Oct 21, 2009 | $168,500 | Mehdi Adibi | Chamini,mohsen | Grant Deed | — |
| Sep 29, 2003 | $215,000 | Mehdi Adibi | Argyriadis,john | Grant Deed | $180k · Geometra Builders Corp |
| Apr 27, 2000 | $167,500 | John Argyriadis | Digerlando,joseph | Grant Deed | $128k · Individual |
| — | — | Mehdi Abidi | — | Deed Of Trust · related | $80k · Joseph Digerlando |
| — | — | Mehdi Adibi | — | Deed Of Trust · related | $70k · Geometra Builders Corp |
| — | — | Mehdi Adibi | — | Deed Of Trust · related | $272k · Interbay Funding LLC |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $980,000
- ML approach
- $990,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tampa
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.48
- Latitude
- 27.9964
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
