9080 Ulmerton Rd Largo, FL 33771-3820

This exceptional investment opportunity presents a 2,630 square foot free-standing Charleys Philly Steaks quick-service restaurant (QSR) with a drive-thru. Located in Largo, Florida, on the highly visible southwest corner of Ulmerton Road and Starkey Road, this property benefits from a strong traffic count of 62,500 AADT on Ulmerton Road. The property is an outparcel to a Walmart Neighborhood Market, enjoying excellent visibility and convenient access. The absolute NNN lease, with no landlord responsibilities, features a remaining term of over 9 years, with two additional 5-year options to extend. Rent increases by 10% every 5 years throughout the original lease and all option periods, ensuring consistent income growth. Built in 1985 and renovated in 2019, this single-story building sits on a 0.77-acre lot and is zoned CG - Commercial General. The property boasts 100% occupancy and a strong demographic profile, with a population of 107,307 and an average household income of $79,963 within a 3-mile radius. The asking price is $1,736,000, translating to $660.08 per square foot. This represents a compelling investment opportunity in a prime retail location within the Tampa MSA. The lease commenced April 1, 2019, and expires March 31, 2034.