For Sale
$1,736,000

9080 Ulmerton RdLargo, FL 33771

Charleys Philly Steaks, 9+ years remaining.

Overview

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

Highlights

  • 2,630 SF freestanding QSR with drive-thru.
  • Absolute NNN lease; no landlord responsibilities.
  • 9+ years remaining lease term, with two 5-year options.
  • 10% rent increases every 5 years.
  • Signalized corner of Ulmerton and Starkey Roads, outparcel to Walmart.

Property Details for 9080 Ulmerton Rd

Property type
Retail properties
Square Feet
2,630 SF
Year Built/Renovated
1985/2019
Buildings
1
Stories
1
Lot Size (sq. ft)
33,541 SF
Units
1

Location Insight

City
Largo
County
Pinellas
State
Florida
Latitude
27.894245696788
Longitude
-82.764839909695
9080 Ulmerton Rd, Largo, Florida

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9080 Ulmerton Rd
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