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Starbucks 5220 Little Rd 1,750 sq ft Retail Property New Port Richey, FL 34655 £2,490,537 (£1,423.16/sq ft) 5.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- +/- 4 Year Remaining Corporate Lease with Starbucks (NASDAQ: SBUX)
- 10% Rental Increases Every 5 Years with Multiple Renewal Options
- More Than 3,600 Households within a 1-Mile Radius
- 150,317 Residents within a 5-Mile Radius
- Easily Accessible and Highly Visible Along Little Road (42,000 Cars per Day)
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present for sale Starbucks in New Port Richey, FL.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Property Size
1,750 sq ft
Costar Property Class
B
Year Built/Renovated
2003/2008
Price
£2,490,537
Price per sq ft
£1,423.16
Yield
5.50%
NOI
£136,965
Tenancy
Single
Number of Floors
1
Plot ratio
0.04
Total Plot Size
1.08 ac
Use Class
C2 - C-2, Commercial
Parking
38 Spaces (10 Spaces per 1,000 sq ft Leased)
Frontage
152 ft on Little
AMENITIES
- Freeway Visibility
- Pylon Sign
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11-26-16-0020-03300-0060 | Improvements Assessment | £117,577 |
| Land Assessment | £645,262 | Total Assessment | £762,840 |
PROPERTY TAXES
Parcel Number
11-26-16-0020-03300-0060
Land Assessment
£645,262
Improvements Assessment
£117,577
Total Assessment
£762,840
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Starbucks | 5220 Little Rd
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