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Starbucks - Tampa FL 10002 N Dale Mabry Hwy 2,642 SF Retail Building Tampa, FL 33618 $4,071,706 CAD ($1,541.15 CAD/SF) 5% Cap Rate
Investment Highlights
- Options To Extend | Scheduled Rental Increases | High Performing Location | Below Market Rent | Significant Tenant Investment
- Carrollwood Center | Dense Retail Corridor
- Dense Demographics In 5-mile Trade Area | High Population Growth
- NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Signalized, Hard Corner Intersection | Excellent Visibility & Access
Executive Summary
• Starbucks corporate signed lease
• 1 year remaining with 2 (5-year) option periods to extend
• The lease features a 10% rental increase in year 6 and at the beginning of each option period
• The Starbucks is ranked in the 87th percentile nationwide for annual visits with over 405,000 per placer.ai
• Since 2020, Starbucks has invested over $955k in improvements to the site, demonstrating their commitment to the location (contact listing agents for details)
• The tenant currently pays significantly below market rents
• 1 year remaining with 2 (5-year) option periods to extend
• The lease features a 10% rental increase in year 6 and at the beginning of each option period
• The Starbucks is ranked in the 87th percentile nationwide for annual visits with over 405,000 per placer.ai
• Since 2020, Starbucks has invested over $955k in improvements to the site, demonstrating their commitment to the location (contact listing agents for details)
• The tenant currently pays significantly below market rents
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,642 SF
Building Class
B
Year Built/Renovated
1974/2011
Price
$4,071,706 CAD
Price Per SF
$1,541.15 CAD
Cap Rate
5%
NOI
$203,607 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.53 AC
Zoning
Commercial
Parking
25 Spaces (9.46 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | U-16-28-18-ZZZ-000000-89650.0 | Improvements Assessment | $1,503,124 CAD |
| Land Assessment | $137 CAD | Total Assessment | $1,503,262 CAD |
Property Taxes
Parcel Number
U-16-28-18-ZZZ-000000-89650.0
Land Assessment
$137 CAD
Improvements Assessment
$1,503,124 CAD
Total Assessment
$1,503,262 CAD
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Starbucks - Tampa FL | 10002 N Dale Mabry Hwy
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