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40076 US Highway 19 N

1,880 SF Retail Building Tarpon Springs, FL 34689 £1,297,153 (£690/SF) 6% Net Initial Yield

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
Fast Food
Building Size
1,880 SF
Building Class
B
Year Built/Renovated
1989/2014
Price
£1,297,153
Price Per SF
£690
Net Initial Yield
6%
NOI
£77,829
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Land Acres
0.46 AC
Opportunity Zone
Yes

Nearby Major Retailers

IHOP
Chili's Grill & Bar
Bank of America
Hertz Equipment Rental
Regions Bank
TD Bank
Publix Super Markets
Valley National Bank
Jazzercise
Chase Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18-27-16-89424-000-0492
Land Assessment
£318,967
Improvements Assessment
£238,042
Total Assessment
£557,009
  • Listing ID: 34109522

  • Date on Market: 06/12/2024

  • Last Updated:

  • Address: 40076 US Highway 19 N, Tarpon Springs, FL 34689

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