Starbucks | Rare Double Drive-Thru | 10410 Gibsonton Dr
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Starbucks | Rare Double Drive-Thru 10410 Gibsonton Dr
2,562 SF Retail Building Riverview, FL 33578 $4,095,000 ($1,598/SF) 5.25% Cap Rate
Investment Highlights
- Rare opportunity to own a hyper-secure, brand-new construction Starbucks in a major Florida growth market
- Fee simple ownership of the building allows for depreciation boosting after tax returns
- Brand new construction with drive-thru and 15-year transferable roof warranty
- Riverview’s population has grown over 75% since 2000 with an AHHI over $100,000
- Starbucks has an investment grade credit rating and is the largest coffee provider in the World with over 35,700 stores
- Fixed 10% increases every 5 years provide a hedge against inflation and consistent rent growth
Executive Summary
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this newly constructed Starbucks with drive-thru featuring a 10 year Net Lease with 10% rental increases every 5 years. Starbucks is planning to open for business in August.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,562 SF
Building Class
B
Year Built
2024
Price
$4,095,000
Price Per SF
$1,598
Cap Rate
5.25%
NOI
$215,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.00 AC
Zoning
PD - planned development
Parking
32 Spaces (12.49 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Starbucks
- Accommodation and Food Services
- 2,562 SF
- -
- Double Net
- Jul 2034
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Starbucks | Accommodation and Food Services | 2,562 SF | - | Double Net | Jul 2034 |
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | U-20-30-20-ZZZ-000003-01320.0 | Improvements Assessment | $216,190 |
Land Assessment | $268,646 | Total Assessment | $484,836 |
PROPERTY TAXES
Parcel Number
U-20-30-20-ZZZ-000003-01320.0
Land Assessment
$268,646
Improvements Assessment
$216,190
Total Assessment
$484,836
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Starbucks | Rare Double Drive-Thru | 10410 Gibsonton Dr
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