35952 US Highway 19 N - Fast Food FOR SALE


Palm Harbor, FL 34684
$1,400,000 USD
510-289-1166
35952 US Highway 19 N, Palm Harbor, FL for Sale
$1,400,000 USD
Fast Food - FOR SALE
1/1
null | 6% Cap Rate

35952 US Highway 19 N
Palm Harbor, FL 34684


HIGHLIGHTS

  • New 15-Year Absolute NNN Corporate Ground Lease: Zero landlord responsibilities with 12.5% rent increases every 5 years
  • Rapidly Growing Drive-Thru Coffee Brand: 16 stores open and 13 coming soon across Florida
  • Brand New 2025 Construction with Drive-Thru
  • Prime Location Along U.S. Highway 19 (64,500 ADT)
  • Surrounded by National Retailers: Walmart Supercenter, Publix, Crunch Fitness, and AMC Theatres
  • No State Income Tax in Florida

OVERVIEW

Brand new 15-year absolute NNN ground lease to Cali Coffee in the Tampa MSA. This new construction drive-thru coffee concept features a strong personal guarantee from the Founder & CEO and scheduled 12.5% rent increases every five years, providing an exceptional inflation hedge and long-term income growth in a rapidly expanding market. Cali Coffee is a rapidly growing drive-thru coffee brand founded in 2018 and headquartered in Hollywood, Florida. The company is known for its fast, friendly service and a vibrant, high-energy customer experience centered on convenience and customization. Its menu features signature iced, hot, and frozen coffees, handcrafted energy drinks, teas, lemonades, smoothies, shakes in popular flavors, and light food options. In Association with ParaSell, Inc. | A Licensed Florida Broker #CQ105959

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$1,155 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cali Coffee Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

GC

APN/PARCEL ID

31-27-16-00000-210-0300

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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