10911 STARKEY RD Largo FL 33773

Experience a prime investment opportunity with this single-tenant absolute NNN property located at 10911 Starkey Road, Largo, Florida. Featuring a longstanding lease with over 7 years remaining, this property boasts scheduled rental increases and is situated at a signalized, hard corner intersection in the Tampa-St. Petersburg MSA. With a tenant lease held by Applebee's and guaranteed by Neighborhood Restaurant Partners, this established brand offers a stable income stream and a strong operator. The lease agreement includes 10% rental escalations every 5 years and offers 2 (5-year) extension options, reflecting the tenant's commitment to the location. With a net operating income of $361,621 and a cap rate of 7.25%, this property presents a lucrative investment opportunity in a high-traffic area, with 27,500 to 33,500 passing vehicles daily. Don't miss out on this exclusive chance to add a reliable, income-generating asset to your portfolio in a thriving market.

• 7+ Years Remaining | Annual Rental Increases | Established Brand | Strong Operator

• Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities

• Outparcel to Bardmoor Promenade (170,000 SF) | Dense Retail Corridor | Nearby Schools

• Signalized, Hard Corner Intersection | Excellent Visibility

• Strong Demographics in 5-mile Trade Area | Six-Figure Incomes

• Applebee’s – Q2 2025 Investor Highlights

  • +4.9% YoY growth in domestic same-store sales

  • Total revenue: $230.8M (↑ ~12% YoY from $206.3M)

  • $325M credit facility in place to support future growth