1707 E Fowler Ave - Fast Food FOR SALE


Tampa, FL 33612- University Square
$3,818,000 USD
980-498-3293
1707 E Fowler Ave, Tampa, FL for Sale
$3,818,000 USD
Fast Food - FOR SALE
1/4
null | 5.5% Cap Rate

1707 E Fowler Ave
Tampa, FL 33612
University Square


HIGHLIGHTS

  • HIGH GROWTH TAMPA, FL
  • ATTRACTIVE LEASE FUNDAMENTALS
  • NEARBY MARKET DRIVERS
  • Site fronts E. Fowler Ave (54.4K VPD)

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - Absolute NNN Lease Providing Zero Landlord Responsibilities - 15 year term with 10% rental increases every 5 years Providing a strong inflation hedge - Three (3) five (5) year extensions FAST GROWING TENANT - With more than 400+ locations worldwide, the Guatemalan chicken brand plans to add 150+ locations in the U.S. by 2026 - Pollo Campero is the worlds largest Central American Chicken brand and is looking to dominate the U.S. market RECENT RENOVATIONS - The Building has recently been converted to suit the tenant’s specifications - Tenant has paid to add specific capital improvements to enhance operational performance HIGH GROWTH TAMPA, FL - Located in the Tampa, FL MSA, one of the top 15 fastest-growing major cities in the U.S. - The Tampa Bay region experienced over 2% population growth in 2023, pushing the total population beyond 5 million and underscoring the area’s strong demographic momentum and longterm retail demand DENSE RETAIL NODE - Site is located in a dense retail node with more than 2.9M SF of retail space within a 1-mile radius - Nearby national retailers include: Sprouts Farmers Market, Burlington, Winn-Dixie, and more NEARBY MARKET DRIVERS - Located near the University of South Florida - USF had a total enrollment of over 48K students in the fall 2023 and employs over 16K people - Near the James A. Haley Veterans Hospital which has over 500 beds, with an additional 120 beds planned in a new 220,000 SQFT expansion It handles more than 3,900 outpatient visits daily and 1.5 million annually

FOR SALE DETAILS

PRICE

$3,818,000 USD

PRICE/SF

$1,242 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pollo Campero

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,462 SF

ZONING

CI

APN/PARCEL ID

A-18-28-19-A1W-000000-00007.0

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.