Starbucks: Riverview, FL | 14202 US Highway 301 S
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Starbucks: Riverview, FL 14202 US Highway 301 S
2,500 SF Retail Building Riverview, FL 33578 $4,891,459 CAD ($1,957 CAD/SF) 5% Cap Rate
Investment Highlights
- Located roughly 8 miles from downtown Riverview
- Brand New 15-Year Net Lease | New Construction
- Tampa, FL MSA (Population: 3.29M+)
- Excellent access and visibility at the signalized intersection of U.S. Highway 301
- Part of the Upcoming Sumner Crossing Shopping Center
Executive Summary
The CBRE Net Lease Property Group is pleased to offer for sale the 2,500-square-foot freestanding Starbucks (S&P: BBB+) situated on 1.06 acres in Riverview, Florida—a component of the Tampa MSA (MSA Population: 3.29M+). Newly constructed, Starbucks’ lease commenced in July 2024 and features ±14.7 years of primary term with a 10% rent increase in year 6 and in each of the seven 5-year renewal options. Originally a 10-year lease, Starbucks recently exercised an early option, extending the lease for 5 years through 2039 with an additional renewal option (originally six options).
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,500 SF
Building Class
B
Year Built
2024
Price
$4,891,459 CAD
Price Per SF
$1,957 CAD
Cap Rate
5%
NOI
$244,573 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Land Acres
1.06 AC
Zoning
PD - Planned Development
Parking
12.8 Spaces per 1,000 SF Leased
Frontage
285 ft on County Road 672
Amenities
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | U-20-31-20-ZZZ-000003-16160.0 | Improvements Assessment | $5,117 CAD |
| Land Assessment | $3,921,933 CAD | Total Assessment | $3,927,049 CAD |
PROPERTY TAXES
Parcel Number
U-20-31-20-ZZZ-000003-16160.0
Land Assessment
$3,921,933 CAD
Improvements Assessment
$5,117 CAD
Total Assessment
$3,927,049 CAD
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Thomas Carr -
Power Broker Will Pike -
Brian Pfohl -
Kaitlyn Wolf -
Mark Drazek -
Leah Lindell -
Abby Kelly -
CBRE
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Starbucks: Riverview, FL | 14202 US Highway 301 S
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