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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

Suncoast Credit Union
Fifth Third Bank
Bank of America
Ruby Tuesday
Bank OZK
Waffle House
Aldi
Rent-A-Center
Beef 'O' Brady's
Bravo Supermarkets

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
U-20-30-20-ZZZ-000003-01320.0
Land Assessment
$268,646
Improvements Assessment
$216,190
Total Assessment
$484,836
  • Listing ID: 32504024

  • Date on Market: 7/18/2024

  • Last Updated:

  • Address: 10410 Gibsonton Dr, Riverview, FL 33578

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