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9080 Ulmerton Rd

2,630 SF Retail Building Largo, FL 33771 $1,736,000 ($660/SF) 5.25% Cap Rate

Investment Highlights

  • Absolute NNN with no landlord responsibilities
  • 10% rent increases every 5 years
  • Full access from signalized light at Ulmerton & Starkey Road
  • 9+ years of term remain with 2, 5-year renewal options
  • 107,307 population, $79,963 avg HH income within 3-miles
  • Shares cross-access with Wawa, AFC Urgent Care, and others with 5 points of ingress/6 points of egress

Executive Summary

The asset would be an attractive investment opportunity for an investor to acquire a single tenant retail property with no landlord responsibilities located on a primary retail thoroughfare in the Tampa MSA.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,630 SF
Building Class
C
Year Built/Renovated
1984/2019
Price
$1,736,000
Price Per SF
$660
Cap Rate
5.25%
NOI
$91,129
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Land Acres
0.77 AC
Zoning
CG - commercial general
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
132 FT on Ulmerton

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
11-30-15-70524-100-0302
Land Assessment
$326,571
Improvements Assessment
$263,429
Total Assessment
$590,000
  • Listing ID: 30446485

  • Date on Market: 12/27/2023

  • Last Updated:

  • Address: 9080 Ulmerton Rd, Largo, FL 33771

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