40076 US Highway 19 N
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40076 US Highway 19 N
1,880 SF Retail Building Tarpon Springs, FL 34689 $1,653,667 ($880/SF) 6% Cap Rate
Investment Highlights
- Site Commitment
- Strong Store Sales
- Minimal Landlord Responsibilities
- Attractive Rental Increases
- Dynamic Tenant
- Strategic Retail Location
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Dunkin’ investment property located at 40076 US Highway 19 North in Tarpon Springs, Florida (the “Property”). The Property consists of an 1,880 square foot building that was renovated for Dunkin’ in 2014. The original 15-year lease currently has just under 5 years of term remaining, followed by three (3), 5-year renewal options. The lease features attractive 10% rental increases every 5-years through the option periods. Dunkin’ is strategically located on US Highway 19, one of the primary commercial corridors in Tarpon Springs with major retailers driving traffic to the area. The Property enjoys excellent visibility and prominent signage on US Highway 19, and this location also benefits from a drive-thru, a proven revenue driver for quick service restaurants. Dunkin’ is down the street from the Shoppes at Tarpon, a Publix-anchored retail center, and Tarpon Square, a Walmart Supercenter-anchored retail center
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,880 SF
Building Class
B
Year Built/Renovated
1989/2014
Price
$1,653,667
Price Per SF
$880
Cap Rate
6%
NOI
$99,220
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
0.46 AC
Opportunity Zone
Yes
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 18-27-16-89424-000-0492 | Improvements Assessment | $303,424 |
Land Assessment | $406,576 | Total Assessment | $710,000 |
PROPERTY TAXES
Parcel Number
18-27-16-89424-000-0492
Land Assessment
$406,576
Improvements Assessment
$303,424
Total Assessment
$710,000
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40076 US Highway 19 N
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