14202 Us-301Riverview, FL 33578

Property Details for 14202 Us-301

Year built

2023

Lot size

1.06 AC

Property size (Sq ft)

2,500 SF

Property type

Retail properties

Description

This exceptional investment opportunity presents a newly constructed, 2,500-square-foot Starbucks located in Riverview, Florida, within the Tampa MSA. The property sits on a 1.06-acre lot with 32 parking spaces and boasts a prominent location at a signalized intersection of US Highway 301, Balm Road, and Paseo Al Mar Boulevard, offering excellent visibility and accessibility. The 15-year net lease, commencing July 26, 2024, and expiring July 31, 2039, includes a substantial 10% rent increase in year six and in each of the seven 5-year renewal options. The property benefits from strong demographics, with a 3-mile radius boasting a population of 71,500 and an average household income of $118,068. The strategic location within the Sumner Crossing shopping center, adjacent to Sumner High School and near Belmont Shopping Center, ensures high traffic and visibility. The property's strong tenant (Starbucks, S&P: BBB+), long lease term, and built-in rent increases make this a compelling investment with a 5.00% cap rate and a net operating income (NOI) of $173,900. The asking price is $3,478,000, translating to $1,391.20 per square foot. This is a rare opportunity to acquire a high-performing, low-maintenance investment property in a rapidly growing area.

Location Insight

City

Riverview

County

Hillsborough

State

Florida

Latitude

27.7716

Longitude

-82.334

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].