Current Use by Public Records
- Retail properties & Spaces
Property Details for 14202 Us-301
- Year built
- 2023
- Lot size
- 1.06 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a newly constructed, 2,500-square-foot Starbucks located in Riverview, Florida, within the Tampa MSA. The property sits on a 1.06-acre lot with 32 parking spaces and boasts a prominent location at a signalized intersection of US Highway 301, Balm Road, and Paseo Al Mar Boulevard, offering excellent visibility and accessibility. The 15-year net lease, commencing July 26, 2024, and expiring July 31, 2039, includes a substantial 10% rent increase in year six and in each of the seven 5-year renewal options. The property benefits from strong demographics, with a 3-mile radius boasting a population of 71,500 and an average household income of $118,068. The strategic location within the Sumner Crossing shopping center, adjacent to Sumner High School and near Belmont Shopping Center, ensures high traffic and visibility. The property's strong tenant (Starbucks, S&P: BBB+), long lease term, and built-in rent increases make this a compelling investment with a 5.00% cap rate and a net operating income (NOI) of $173,900. The asking price is $3,478,000, translating to $1,391.20 per square foot. This is a rare opportunity to acquire a high-performing, low-maintenance investment property in a rapidly growing area.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Riverview
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.334
- Latitude
- 27.7716
