For Sale
$2,570,000

10110 Us Highway 301Riverview, FL 33578

High-growth Tampa Bay market; 15-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a rare chance to acquire a new 15-year ground lease with Black Rifle Coffee, situated in a prime Riverview, Florida location within Hillsborough County. The property, a 2,675 square foot QSR/fast food establishment on a 0.93-acre lot at 10110 S. US Highway 301, zip code 33578, boasts 100% occupancy and a strong net operating income (NOI) of $167,000, yielding a 6.50% cap rate. The asking price is $2,570,000. The lease commenced July 31, 2024, and expires October 30, 2039, offering a substantial remaining term of 15.3 years. Rent increases are built-in, with 8.5% increases every five years during the primary term and 10% increases during option periods, providing a hedge against inflation. The property benefits from a corporate guarantee from Authentic Brands, Black Rifle Coffee's parent company, a publicly traded entity. This investment is particularly attractive due to the robust growth of the Tampa Bay submarket and the recession-resistant nature of the fast-food and coffee industries. The building was constructed in 2024. Four five-year lease options are included. This presents a compelling opportunity for investors seeking a stable, high-growth investment in a dynamic market.

Highlights

  • Rare opportunity to acquire a new 15-year ground lease with Black Rifle Coffee in a prime Tampa Bay location.
  • Corporate guarantee from Authentic Brands, Black Rifle's parent company.
  • Black Rifle Coffee is publicly traded on the NYSE.
  • Investment located in a dynamic Tampa Bay submarket with substantial population growth.
  • Recession-resistant investment; coffee sales thrived during the 2020 pandemic.
  • Lease features fixed rental increases, providing an inflation hedge and a 7.06% average return over the base term.

Property Details for 10110 Us Highway 301

Property type
Lifestyle centers, Power centers
Square Feet
2,675 SF
Year Built
2024
Lot Size (sq. ft)
40,511 SF

Location Insight

City
Riverview
County
Hillsborough
State
Florida
Latitude
27.8526359
Longitude
-82.3256148
10110 Us Highway 301, Riverview, Florida

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10110 Us Highway 301
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