Charleys Philly Steaks

RIPCO REAL ESTATE is pleased to of fer for sale 9080 ULMERTON ROAD, a single tenant retail property leased to Charleys Philly Steaks.​ Charleys Philly Steaks has an absolute NNN lease with no landlord responsibilities and 9 years of term remaining, with 10% rental rate increases every 5 years.​

The asset is located on the southwest corner of the signalized intersection of Ulmerton Road (62,500 AADT), a primary retail thoroughfare in the Tampa MSA, and Starkey Road (29,000 AADT).​ The property is an outparcel to a Wal-Mart Neighborhood Center and shares cross-access with Wawa, Domino’s, AFC Urgent Care, and others.​ The center has a total of 5 points of ingress and 6 points of egress between Ulmerton Road and Starkey Road, providing ease of access to the property.​ Within 3 miles of the property there is a population of 107,307 and an average household income of $79,963.​

The asset would be an attractive investment opportunity for an investor to acquire a single tenant retail property with no landlord responsibilities located on a primary retail thoroughfare in the Tampa MSA.​

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  2,630 SF free-standing QSR with drive-thru

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  Absolute NNN lease with no landlord responsibilities.

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  9 years of term remaining on the lease, with two additional 5-year options to extend.

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  Lease structured with 10% rental increases every 5 years throughout the original lease period and all option periods.

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  Located on the southwest corner of the signalized intersection of Ulmerton Road and Starkey Road

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  The property is an out-parcel to a Wal-Mart Neighborhood Center.

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  107,307 population within a 3-mile radius

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  $79,963 average household income within a 3-mile radius