10110 Us Highway 301Riverview, FL 33578

Property Details for 10110 Us Highway 301

Year built

2024

Lot size

0.93 AC

Property size (Sq ft)

2,675 SF

Property type

Lifestyle centers

Property subtype

Power 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

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