7620 Palm River Rd, Tampa, FL 33619
1,500 SF | Retail Building | Tampa, FL 33619 | $1,630,000 ($1,087/SF) | 5.18% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,630,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 1,500 SF
- Price / Square Foot
- $1,087
Listing Contacts
Isabel Salcedo
Verified Profile
Leo Ickowicz
Verified Profile
- Property Info
Property Overview
Price/Precio: US $1,630,000
CAP/Retorno: 5.17%
Building Area/Área de Construcción: Approx. 1,500 Sq. ft = 140 m²
Lot/Terreno: 20,138 Sq. ft = 1,870 m²
NOI/Ingreso Neto: US $84,360
Year Built/Fecha de construcción 2017
Annual Expenses/Gastos Anuales: NNN Tenant is responsible for all expenses including property tax,
insurance, and maintenance. | El inquilino es responsable por todos los gastos incluyendo impuesto
predial y seguro.
Contract Terms/Términos del Contrato de Renta: 5 year contract remaining until 8/31/2029
5 años de contrato restante hasta 8/31/2029
Increases/Incrementos de Renta: 2% yearly. | 2% de incremento anual
Extensions/Extensiones: Four (4), Five (5) year options. | Cuatro (4) opciones de Cinco (5) años.
Guarantor/Garantizado por:. Sizzling Caesars, LLC - Largest Little Caesars Franchisee +300 Stores, with 57
years of experience with 5 Brands in 15 States and 5 countries. Sizzling Caesars, LLC - Mayor franquiciado
de Little Caesars +300 tiendas, con 57 años de experiencia con 5 marcas en 15 estados y 5 países.
CAP/Retorno: 5.17%
Building Area/Área de Construcción: Approx. 1,500 Sq. ft = 140 m²
Lot/Terreno: 20,138 Sq. ft = 1,870 m²
NOI/Ingreso Neto: US $84,360
Year Built/Fecha de construcción 2017
Annual Expenses/Gastos Anuales: NNN Tenant is responsible for all expenses including property tax,
insurance, and maintenance. | El inquilino es responsable por todos los gastos incluyendo impuesto
predial y seguro.
Contract Terms/Términos del Contrato de Renta: 5 year contract remaining until 8/31/2029
5 años de contrato restante hasta 8/31/2029
Increases/Incrementos de Renta: 2% yearly. | 2% de incremento anual
Extensions/Extensiones: Four (4), Five (5) year options. | Cuatro (4) opciones de Cinco (5) años.
Guarantor/Garantizado por:. Sizzling Caesars, LLC - Largest Little Caesars Franchisee +300 Stores, with 57
years of experience with 5 Brands in 15 States and 5 countries. Sizzling Caesars, LLC - Mayor franquiciado
de Little Caesars +300 tiendas, con 57 años de experiencia con 5 marcas en 15 estados y 5 países.
Property Details
- Class
- C
- Year Built
- 2017
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 20,038 SF
Highlights
- East Tampa location with a 5 mile population of 185,929 on 2021
- Located near schools and complementary retailers Such Family Dollar, MC Donald, Walgreen etc.
- Out pad to "save a lot" Discount Grocery store Anchored shopping center.
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