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9040 Ulmerton Rd

9040 Ulmerton Rd, Largo, FL 33771

Listing Price: $4,003,490

Cap Rate
5.50%
Gross SF
6,881
Rentable SF
6,881
Price/Gross SF
$581.82
Lot Size
0.79 acres
Year Built
2019

Investment Overview

Ulmerton Center is an 6,881 square foot, two tenant, NNN center on a 0.79 acre
parcel, located at 9040 Ulmerton Road, in Largo (Tampa), Florida. The Center is a
Walmart Neighborhood Market outparcel, shadowed by a busy WAWA. It lies along
a major commercial artery, within 1.5 miles of The Largo Mall, Home Depot, Lowes,
and numerous other national and regional retailers and restaurants. The property
benefits from numerous access points, with turn-in lanes and a traffic signal at the
intersection of Ulmerton and Starkey, which sees over 85,000 cars daily. Newly
constructed, the center boasts beautiful curb appeal, no deferred maintenance,
two great tenants, and easy to manage, 10-year, NNN leases.
Ulmerton Center is occupied by two strong, growing national tenants. Founded in
1982, AFC Urgent Care is the largest urgent care provider in the United States, with
over 220 locations, and a plan to increase to 500 locations by 2025. Willie Jewells
Old School BBQ is the sister concept to Bonos Pit Bar-B-Q, a Florida staple that has
been in business since 1949 and grown to 20 locations. In 2009 Bonos opened
its first Willie Jewells location, and has since grown the concept to sixteen units
in three states. Both AFC and Willie Jewells are strong, growing companies, that
have survived, and thrived, through recessions, wars, booms, financial meltdowns,
and yes, pandemics. With long term, 10-year, triple net leases, bolstered by robust
10 percent increases every 5 years, Ulmerton Center offers and investor a stable,
higher return, alternative to the typical STNL.

Investment Highlights

  • Top Tier Location
  • Class A National and Regional Tenants
  • 10% Rent Increases Every 5 Years
  • Two 10-Year, NNN Leases
  • Easy Access, Tremendous Traffic and Visibility
  • Portfolio Opportunity - 4 Properties on Park Blvd, One a Few Blocks Away on Ulmerton

Exclusively Listed By

Listing Price: $4,003,490

Cap Rate
5.50%
Gross SF
6,881
Rentable SF
6,881
Price/Gross SF
$581.82
Lot Size
0.79 acres
Year Built
2019

Investment Highlights

  • Top Tier Location
  • Class A National and Regional Tenants
  • 10% Rent Increases Every 5 Years
  • Two 10-Year, NNN Leases
  • Easy Access, Tremendous Traffic and Visibility
  • Portfolio Opportunity - 4 Properties on Park Blvd, One a Few Blocks Away on Ulmerton

Investment Overview

Ulmerton Center is an 6,881 square foot, two tenant, NNN center on a 0.79 acre
parcel, located at 9040 Ulmerton Road, in Largo (Tampa), Florida. The Center is a
Walmart Neighborhood Market outparcel, shadowed by a busy WAWA. It lies along
a major commercial artery, within 1.5 miles of The Largo Mall, Home Depot, Lowes,
and numerous other national and regional retailers and restaurants. The property
benefits from numerous access points, with turn-in lanes and a traffic signal at the
intersection of Ulmerton and Starkey, which sees over 85,000 cars daily. Newly
constructed, the center boasts beautiful curb appeal, no deferred maintenance,
two great tenants, and easy to manage, 10-year, NNN leases.
Ulmerton Center is occupied by two strong, growing national tenants. Founded in
1982, AFC Urgent Care is the largest urgent care provider in the United States, with
over 220 locations, and a plan to increase to 500 locations by 2025. Willie Jewells
Old School BBQ is the sister concept to Bonos Pit Bar-B-Q, a Florida staple that has
been in business since 1949 and grown to 20 locations. In 2009 Bonos opened
its first Willie Jewells location, and has since grown the concept to sixteen units
in three states. Both AFC and Willie Jewells are strong, growing companies, that
have survived, and thrived, through recessions, wars, booms, financial meltdowns,
and yes, pandemics. With long term, 10-year, triple net leases, bolstered by robust
10 percent increases every 5 years, Ulmerton Center offers and investor a stable,
higher return, alternative to the typical STNL.

Exclusively Listed By

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