10110 Us Highway 301Riverview, FL 33578
- Retail properties
- 2,675 SF
Property Details for 10110 Us Highway 301
- Year built
- 2024
- Lot size
- 0.93 AC
- Property size (Sq ft)
- 2,675 SF
- Property type
- Retail properties
- Property subtype
- Lifestyle centers
Description
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.
Location Insight
- City
- Riverview
- County
- Hillsborough
- State
- Florida
- Latitude
- 27.8526
- Longitude
- -82.3256
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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