9080 Ulmerton RdLargo, FL 33771

Property Details for 9080 Ulmerton Rd

Year built

1984

Construction

CONCRETE BLOCKS

Lot size

0.77 AC

Property size (Sq ft)

2,616 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

11-30-15-70524-100-0302

APU

113015705241000302

Description

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.

Location Insight

City

Largo

County

Pinellas

State

Florida

Latitude

27.894

Longitude

-82.7649

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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