Property Highlights
- New construction Starbucks with drive-thru
- Corporate guarantee from investment grade tenant: S&P BBB+
- Rare oversized lot (1.30 AC) and building (3,080 SF) with high residual value
- Low relative rent per square foot
- 10% rent increases provide hedge against inflation
- Fee simple ownership of land and building allows for depreciation
- Dense, infill location with high barriers to entry (74,000 day time population within 3 miles)
- Located within Sabal Park, the largest mixed use business park on the West Coast of Florida at 1,000 Acres
- Excellent underlying real estate fundamentals with full access from M.L.K. Jr. Blvd. and close proximity to I-75
- 51,000 people moved to the Tampa area in 2018 making it the 9th fastest growing MSA in the U.S.
- Florida is a tax free state