ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Starbucks – Tampa, FL – NN Lease

2720 W Dr Martin Luther King Jr Boulevard
Sold

SOLD PRICE: $2,950,000
CAP RATE: 5.0%

  • Located across from St. Joseph’s Hospital Complex (34th largest US hospital; over 125,000 ER visits & 870 beds) & 1 block from St. Joseph’s Women’s Hospital (7,000+ babies delivered annually)
  • In the heart of the largest medical area in Tampa — high employee population & over 430 health service related establishments within 1 mile
  • Within walking distance of the Tampa Bay Buccaneers’ Raymond James Stadium (65,000+ capacity)
  • Tampa area is the 4th largest MSA in the Southeast US
  • Corner location at signalized intersection with 42K+ cars ADT; access and visibility from both W Dr Martin Luther King Jr Blvd. & N Habana Ave.
  • 10% rent increases every 5 years and options to extend
  • Less than 3 miles from International Plaza and Bay Street (1.2M+ sf upscale shopping mall; 200+ specialty shops); less than 7 miles from Tampa International Airport (17.5M+ passengers in 2014)
  • Over 277,000 people, with an average household income of $62K+, within 5 miles
  • Florida has NO STATE INCOME TAX
  • There are no features available

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$2,950,000

1,914 sf

Price:

$2,950,000

Cap Rate:

5.0%

Building Size:

1,914 sf

SF Land Area:

0.65 acres

Current NOI:

$147,500

Lease Type:

NN

Remaining Term:

Ten (10) Years

Status:

Closed

CONTACT BROKER

Michael Zimmerman

(919) 391-9901

Download Offering Memorandum
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