101 Hilltop Rd Brandon, FL 33511
- Retail properties
- 2,656 SF
- 1.21 lot acres
Current Use by Public Records
- Retail properties
Property Details for 101 Hilltop Rd
- Lot size
- 1.21 lot acres
- Property size
- 2,656 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a brand-new, 2,656 square-foot Chick-fil-A restaurant situated on a 1.21-acre lot in Brandon, Florida. The property boasts a highly desirable Net Lease (NNN) structure with a 15.1-year lease term commencing June 6, 2024, and expiring June 30, 2039. This translates to a substantial 14.6 years remaining on the lease. The lease includes ten 5-year option periods and features a 10% rent increase every five years, ensuring consistent and inflation-resistant cash flow. The property's strategic location at the hard corner of a signalized intersection of S Hilltop Road and W Brandon Boulevard, with over 83,500 vehicles passing daily, and its proximity to Interstate 75 (143,000 VPD), guarantees exceptional visibility and high traffic volume. The building features a double drive-thru, catering to the demands of a busy location. The surrounding area is densely populated, with over 231,000 residents within a 5-mile radius and an average household income exceeding $89,000. Nearby amenities include the Brandon Mall, Regency Square, and numerous other retail establishments, including major retailers like Walmart, Sam's Club, Costco, and Target. The property also benefits from its proximity to a major hospital and a large apartment complex under construction. The current Net Operating Income (NOI) is $175,000, resulting in a 3.75% cap rate. The asking price for this exceptional investment is $4,670,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brandon
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.3061
- Latitude
- 27.9373
