1000 Broad St Brooksville, FL 34601-3117
- Banks
- 6,090 SF
- 1.22 lot acres
May 28, 2025
Current Use by Public Records
- Banks
Property Details for 1000 Broad St
- Year built
- 1985
- Construction
- BRICK
- Lot size
- 1.22 lot acres
- Property size
- 6,090 SF
- Property type
- Banks
- APN
- R28-222-19-3695-0000-0070
- APU
- R2822219369500000070
Description
This exceptional investment opportunity presents a brand-new, 2,500 square foot Starbucks located at 1000 S Broad St, Brooksville, FL 34601. Boasting a 10-year net lease with a highly rated (BBB+ by S&P) investment-grade tenant, this property offers a 5.75% cap rate and a strong NOI of $228,093. The lease includes 10% rent bumps every five years, ensuring consistent growth. Built in 2024, the property features a drive-thru and patio, catering to the significant mobile and drive-thru sales volume (70%+). Situated on a hard corner with high visibility (over 31,500 cars daily), this Starbucks benefits from its location near major retailers like Walmart, Lowe's, Publix, and Winn-Dixie, as well as a new Wawa. The property serves a rapidly growing trade area of over 80,000 residents and is conveniently located near Tampa General Hospital Brooksville and Withlacoochee State Forest, further enhancing its appeal. The strong daytime population (over 25,600 employees) and proximity to major tourist attractions like Walt Disney World contribute to the property's exceptional investment potential. Florida's tax-free environment adds to the financial advantages. This is a rare opportunity to acquire a high-performing, established business in a prime location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooksville
- County
- Hernando
- State
- Florida
- Longitude
- -82.4019
- Latitude
- 28.5448
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
