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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
34368071
34368068

44091 US Highway 19 North, Tarpon Springs, FL 34689 For Sale

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$4,123,000
3 days on market
Updated 3 days ago

Northern Tool + Equipment

Details
Property Type Retail
Sub Type Storefront, Retail
Square Footage 25,461
Cap Rate 8.00%
NOI $329,807
Tenancy Single
Brand/Tenant Tractor Supply, Harbor Freight (+1)
Lease Type NN
Lease Term 15
Lease Expiration 07/31/2028
Remaining Term 2
Rent Bumps Yes
Lease Options Two, 5-Year Options
Broker Co-Op True
Year Built 2008
Acreage 2.390
Zoning Commercial
Parking Spaces 109 spaces
Parking per 1,000 SqFt 4.28
Investment Type Net Lease
Lease Commencement 08/01/2008
Ground Lease No

Corporate Lease | Strong Population Growth | Located In Dense Retail Corridor

Investment highlights

• Corporate lease | Northern Tool & Equipment Company, Inc. | 140 locations across the US

• Great visibility & access from US Highway 19 | 63,000 VPD

• Located inside of dense retail corridor | 2.1M SF within a 2-mile radius

• Long operating history | Leased since 2008

• Large parcel | 2.39 acres

• Stable population growth within 1 mile | 10.52% from 2010-2025

• Attractive population density within a 5-mile radius | 141,217 residents

• Large industrial presence nearby | 1.6M SF of space within a 2-mile radius

• Strong projected population growth over the next 5 years | 13.02% growth within a 1-mile radius

• Affluent surrounding area | $97,918 average household income within a 5-mile radius

• 15 minutes from HCA Florida Trinity Hospital | 278 beds

• 15 minutes from J. W. Mitchell High School | 2,200 students

• 30 minutes from St. Pete-Clearwater International Airport

• Nearby destination retailers | Walmart Supercenter, Target, Publix, ALDI, Sprouts, Trader Joe’s, Lowe’s, Home Depot, Caliber Collision, Chick-fil-A, Starbucks, Chipotle, McDonald’s, Wendy’s, KFC, Dunkin, Five Guys, Wawa, 7-Eleven, and more

Listing Contacts

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$329,807.00
$27,483.92/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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