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Chipotle - Tampa (Clearwater) FL 3335 Ulmerton Rd 3,506 SF Retail Building Clearwater, FL 33762 $7,323,172 CAD ($2,088.75 CAD/SF) 4.50% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | 10% Rent Increases | Options to Extend |Includes Billboard on Site | 2026 Remodel
- Adjacent to Carillon Office Park (432 Acres) | Direct Consumer Base
- Echelon City Center Master Plan | 20.5 Acres | 150,000 SF Retail
- Absolute NNN | Fee Simple Ownership | No State Income Tax | Zero Landlord Responsibilities
- Signalized, Hard Corner Intersection | Intl. Airport | Hotel Presence | Off I-275 (115,000 VPD)
- Strong Demographics In 5-mile Trade Area
Executive Summary
• Brand new 15-year lease with options to extend
• The lease features 10% rental increases every 5 years
• 2026 remodel of an old Wendy’s building
• The billboard generates an additional $25,000/Yr through August 27, 2044
• The lease features 10% rental increases every 5 years
• 2026 remodel of an old Wendy’s building
• The billboard generates an additional $25,000/Yr through August 27, 2044
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,506 SF
Building Class
B
Year Built/Renovated
2015/2026
Price
$7,323,172 CAD
Price Per SF
$2,088.75 CAD
Cap Rate
4.50%
NOI
$329,550 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.28 AC
Zoning
Commercial
Parking
44 Spaces (12.55 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-30-16-00000-330-0130 | Improvements Assessment | $1,675,790 CAD |
| Land Assessment | $1,064,503 CAD | Total Assessment | $2,740,293 CAD |
Property Taxes
Parcel Number
02-30-16-00000-330-0130
Land Assessment
$1,064,503 CAD
Improvements Assessment
$1,675,790 CAD
Total Assessment
$2,740,293 CAD
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Chipotle - Tampa (Clearwater) FL | 3335 Ulmerton Rd
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