1000 Broad StBrooksville, FL 34601

Property Details for 1000 Broad St

Year built

1985

Construction

BRICK

Lot size

1.22 AC

Property size (Sq ft)

6,090 SF

Property type

Retail properties

Property subtype

Banks

APN

R28-222-19-3695-0000-0070

APU

R2822219369500000070

Description

This exceptional investment opportunity presents a brand-new, 2,500 square foot Starbucks located at 1000 S Broad St, Brooksville, FL 34601. Boasting a 10-year net lease with a highly rated (BBB+ by S&P) investment-grade tenant, this property offers a 5.75% cap rate and a strong NOI of $228,093. The lease includes 10% rent bumps every five years, ensuring consistent growth. Built in 2024, the property features a drive-thru and patio, catering to the significant mobile and drive-thru sales volume (70%+). Situated on a hard corner with high visibility (over 31,500 cars daily), this Starbucks benefits from its location near major retailers like Walmart, Lowe's, Publix, and Winn-Dixie, as well as a new Wawa. The property serves a rapidly growing trade area of over 80,000 residents and is conveniently located near Tampa General Hospital Brooksville and Withlacoochee State Forest, further enhancing its appeal. The strong daytime population (over 25,600 employees) and proximity to major tourist attractions like Walt Disney World contribute to the property's exceptional investment potential. Florida's tax-free environment adds to the financial advantages. This is a rare opportunity to acquire a high-performing, established business in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,713,430

  6.5%

  $1,581,627

  7%

  $1,468,654

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,802,786

  Geo Method

  $2,802,786

• Alternative Use

  Use

  Valuation

  Residential

  $1,334,162

  Hospitality

  $1,222,085

  Educational

  $1,016,760

  Medical

  $1,051,728

  Retail

  $1,581,627

Location Insight

City

Brooksville

County

Hernando

State

Florida

Latitude

28.5448

Longitude

-82.4019

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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