10410 Gibsonton DrRiverview, FL 33578

Property Details for 10410 Gibsonton Dr

Year built

2024

Lot size

1.00 AC

Property size (Sq ft)

2,562 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a newly constructed Starbucks featuring a double drive-thru in Riverview, Florida. Located at 10410 Gibsonton Dr, 33578, this 2,562 square foot property sits on a one-acre lot in a prime, signalized corner location within a rapidly expanding market. The property boasts a 10-year net lease with Starbucks Corporation, commencing July 31, 2024, and expiring July 30, 2034. The lease includes a built-in 10% rent increase every five years, providing a hedge against inflation. With a current net operating income (NOI) of $215,000 and an asking price of $3,909,000, this offering presents a compelling 5.50% cap rate. The building, constructed in 2024, includes a 15-year transferable roof warranty. Starbucks, a credit-rated tenant with an investment-grade credit rating, is the world's largest coffeehouse chain, ensuring a secure and stable cash flow. The property's location in Riverview, a high-growth area with an average household income exceeding $100,000, further enhances its investment appeal. The lease includes two five-year renewal options, providing long-term stability and growth potential. Fee simple ownership allows for depreciation benefits, maximizing after-tax returns. This is a truly rare opportunity to acquire a trophy asset in a thriving Florida market.

Location Insight

City

Riverview

County

Hillsborough

State

Florida

Latitude

27.857

Longitude

-82.3314

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