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Starbucks 5220 Little Rd 1,750 SF Retail Building New Port Richey, FL 34655 $4,693,453 CAD ($2,681.97 CAD/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- +/- 4 Year Remaining Corporate Lease with Starbucks (NASDAQ: SBUX)
- 10% Rental Increases Every 5 Years with Multiple Renewal Options
- More Than 3,600 Households within a 1-Mile Radius
- 150,317 Residents within a 5-Mile Radius
- Easily Accessible and Highly Visible Along Little Road (42,000 Cars per Day)
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present for sale Starbucks in New Port Richey, FL.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,750 SF
Building Class
B
Year Built/Renovated
2003/2008
Price
$4,693,453 CAD
Price Per SF
$2,681.97 CAD
Cap Rate
5.50%
NOI
$258,112 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.08 AC
Zoning
C2 - C-2, Commercial
Parking
38 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
152’ on Little
AMENITIES
- Freeway Visibility
- Pylon Sign
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11-26-16-0020-03300-0060 | Improvements Assessment | $229,249 CAD |
| Land Assessment | $1,221,018 CAD | Total Assessment | $1,450,266 CAD |
PROPERTY TAXES
Parcel Number
11-26-16-0020-03300-0060
Land Assessment
$1,221,018 CAD
Improvements Assessment
$229,249 CAD
Total Assessment
$1,450,266 CAD
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Starbucks | 5220 Little Rd
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