RIPCO Real Estate is pleased to offer for sale 1797 W Hillsborough Avenue, a 2,503 SF Starbucks recently constructed on the northeast corner of W Hillsborough
Ave and N Albany Ave in Tampa, FL. The property has a new, NN+, 10-year lease with six (6) 5-year options to extend with Starbucks Corporation (S&P: BBB+),
demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the original term and at the beginning of each
option period, growing NOI and hedging against inflation. This stretch of W Hillsborough Ave where the property is located has an AADT of 56,500. Within 1 mile of 1797
W Hillsborough Ave, there is a population of 14,511 and an average household income of $87,852.
The asset would be an attractive investment opportunity for investors looking for minimal landlord responsibilities, a newly-constructed retail building, a brand-new
long-term lease with a strong national tenant, 10% rental increases every 5 years to hedge against inflation, and located in a state without state income tax.