9080 Ulmerton Rd
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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
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
Parcel Number | 11-30-15-70524-100-0302 | Improvements Assessment | $263,429 |
Land Assessment | $326,571 | Total Assessment | $590,000 |
PROPERTY TAXES
Parcel Number
11-30-15-70524-100-0302
Land Assessment
$326,571
Improvements Assessment
$263,429
Total Assessment
$590,000
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9080 Ulmerton Rd
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