27825 Wesley Chapel Blvd Wesley Chapel, FL 33544

Property Details for 27825 Wesley Chapel Blvd

Year built

2023

Lot size

1.10 lot acres

Property size

2,500 SF

Property type

Commercial real estate

Description

Exceptional investment opportunity: A brand-new, 2,500 square foot Starbucks in Wesley Chapel, Florida, built in 2023. This single-tenant, net-lease property boasts a 10-year lease with a corporate guarantee from Starbucks (S&P BBB+), offering significant long-term stability. The property is situated on 1.1 acres with a drive-thru, providing excellent visibility and accessibility. Located on Wesley Chapel Boulevard (18,500 vehicles per day) with direct access to I-75 (113,000 vehicles per day), it benefits from high traffic counts and strong demographics. The area features a high average household income ($109,000 within a 5-mile radius) and a rapidly growing population (80,000+ residents) fueled by significant residential development projects. The property's strategic location within a dense retail corridor, near major retailers like Publix, Walmart, and numerous car dealerships, ensures consistent customer traffic. The lease includes 10% rent escalations every five years and six five-year renewal options, providing further long-term value. The asking price is $3,770,527, representing a 5.50% cap rate and a NOI of $207,379. This is a 1031 exchange eligible property. This investment offers a compelling combination of a strong tenant, prime location, and attractive financial terms, making it an ideal addition to any portfolio.