For Sale
$3,967,000

1000 Broad StBrooksville, FL 34601

Florida QSR Net Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • New 10-year corporate lease with no early termination option.
  • 10% rental increases every five years throughout the base term and options.
  • Investment-grade tenant (S&P BBB+), Fortune 500 company (#125).
  • Brand new, high-quality construction featuring a patio and drive-thru.
  • Mobile app and drive-thru sales comprise over 70% of revenue.
  • Serves a rapidly growing trade area of over 80,000 residents, 45 miles north of downtown Tampa.

Property Details for 1000 Broad St

Property type
Retail properties, Restaurants
Square Feet
2,500 SF
Year Built
2024

Location Insight

City
Brooksville
County
Hernando
State
Florida
Latitude
28.5448482
Longitude
-82.4019017
1000 Broad St, Brooksville, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1000 Broad St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message