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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
28654094

35952 US Hwy 19 N, Palm Harbor, FL 34684

PD
CA 01750064
Fisher James Capital
LS
CA CA 01443387
Fisher James Capital
SR
FL FL - CQ1059597, CA CA - 02101543 (+42)
ParaSell Inc
Listed by Fisher James Capital, ParaSell Inc
$1,461,000
191 days on market
Updated 28 days ago

Cali Coffee Ground Lease

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,212
Units 1
Cap Rate 5.75%
NOI $84,000
Occupancy 100%
Tenancy Single
Brand/Tenant Cali Coffee
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 12/30/2040
Remaining Term 14.6
Rent Bumps Yes
Lease Options four (4) five-year options
Price per SqFt $1,205
Broker Co-Op Yes
Year Built 2025
Buildings 1
Stories 1
Acreage 0.570
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/31/2025
Ground Lease Yes

15-Year NNN Corporate Ground Lease in Tampa MSA

Marketing description

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.

In Association with ParaSell, Inc. | A Licensed Florida Broker #CQ1059597

Investment highlights

  • New 15-Year Absolute NNN 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): Shared access with new Bubble Down Car Wash and Upshore Apartments (264 units)

  • Surrounded by National Retailers: Walmart Supercenter, Publix, Crunch Fitness, and AMC Theatres

  • High-Income Coastal Trade Area: $122,000 average household income within 3 miles

  • Personal Guaranty from Founder & CEO

  • No State Income Tax in Florida

Listing Contacts

PD
CA 01750064
Fisher James Capital
LS
CA CA 01443387
Fisher James Capital
SR
FL FL - CQ1059597, CA CA - 02101543 (+42)
ParaSell Inc
Listed by Fisher James Capital, ParaSell Inc

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,000.00
$7,000.00/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Scott Reid
License
FL - CQ1059597
Brokerage Phone
(949) 942-6578
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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