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17643 Bruce B Downs Blvd
Tampa, FL 33647 New Tampa

$2,550,000 USD

Restaurant For Sale  •  5,864 SF

Property Details

• Property Type Restaurant
• Total Building Size 5,864 SF
• Lot Size 1.79 AC
• Building Class C
• Year Built 2001
• Cap Rate 5.00 %
• Tenancy Single
• Zoning PD-A

22 Transit Score

42 Walk Score

Highlights

High-profile location on Bruce B Downs Blvd. (60,000 VPD) in one of Tampa's most sought after submarkets ($ AHHI in 3 miles)

Chili's rent equates to $21.74/SF or $71,200/Acre offering future upside potential

Absolute Net Ground Lease provides passive ownership and stable cash flow for out of State investor

Fixed rent increases in option periods provide a hedge against inflation and consistent rent growth

Chili's has been operating at this location for over 20 years and rent will increase approximately 9% in 2027 should tenant exercise their renewal opt

Florida is a top performing state for Chili's where they operate 138+/- stores and benefit from strong brand awareness and customer loyalty

Cap Rate:

5.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Chili's Grill & Bar

Amenities

• Pylon Sign
• Signage

Public Transportation

Airport	Drive	Walk	Distance
Tampa International	39 min	-	26.2 mi
St Pete-Clearwater International	56 min	-	36.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	40
Type:	Surface
Included in Rent:	Yes