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Pizza Hut & T-Mobile

$1,107,717

13785 Walsingham Road, Largo, FL 33774

Active
Last Updated: 11/18/2025

6

Cap Rate

66,427

NOI

Details:
Cap Rate:    6%
NOI:    $66,427
Building Size:    2,600 sqft
Lot Area:    0.3 acres
Year Built:    2003
Highlights:
  • Two Tenant Strip Center Shadow Anchored by Walmart Neighborhood Market | Roughly 800K Annual Visits (Placer)
  • Florida Income Tax-Free State
  • Pizza Hut Operated by Flynn Restaurant Group | Largest Pizza Hut Franchisee in the country (+1,300 Units)
  • Proven Location | Pizza Hut Has Been Successfully Operating At This Location Since 2003 | 22+ Years
  • Below-Market Leases | Pizza Hut & T-Mobile Paying ±$26/SF Compared to Market Rent of $30.24/SF | Offering Upside Potential
  • T-Mobile Operated by GP Mobile | Experienced Authorized Retailer w/ Over 400 Units
  • Largo, FL Part of Tampa, St. Petersburg, Clearwater MSA | The 2nd Largest Metropolitan Area In Florida.
  • Dense Suburban Infill With a 5-Mile Population of 167,204
  • Growing Community | 0.2% Annual Growth | 0.8% Average Annual Growth (2020–2024)
  • Affluent Trade Area | Average Household Incomes Exceed $92,500 Within 3-Mile Radius
  • Positioned Along Walsingham Rd w/ Direct Ingress and Egress | Traffic Counts of ±27,637 VPD
  • Strong Retail Corridor | Neighboring Tenants Include Publix, Walmart Neighborhood Market, Walgreens, CVS, Chase Bank, Regions Bank, McDonald’s, Bealls, Dollar Tree, Dollar General, Starbucks, Mavis Tire, & More
Description:

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Largo is the third-largest city in Pinellas County, Florida, situated in the Tampa Bay metropolitan area on the state’s Gulf Coast. As of the 2020 U.S. Census, Largo had a population of over 82,000, making it one of the largest cities in the region and a key part of the Tampa–St. Petersburg–Clearwater metropolitan area, which is home to more than 3.1 million people. This metro area ranks among the most populous in Florida and is one of the fastest-growing in the United States, driven by strong migration, a favorable climate, and a diverse economic base.
Largo benefits from its central location within Pinellas County, providing easy access to major employment centers in Tampa, St. Petersburg, and Clearwater. The city is within minutes of the Gulf of Mexico and features close proximity to major transportation corridors, including U.S. Highway 19 and State Road 686, as well as Tampa International Airport and St. Pete-Clearwater International Airport. Largo’s position in the Tampa Bay region allows it to participate in one of Florida’s largest and most diverse economies, with strengths in healthcare, financial services, tourism, defense, and technology.
In recent years, Largo has experienced significant investment in redevelopment and urban renewal. The city’s downtown core has seen new residential projects, civic improvements, and commercial development, while cultural amenities such as the Largo Central Park, the Largo Cultural Center, and the Pinellas Trail have enhanced the city’s quality of life. Largo is also home to a thriving healthcare sector, anchored by Largo Medical Center, which provides advanced medical services and serves as a regional employer. The nearby beaches and recreational assets contribute not only to local tourism but also to residential appeal, attracting both retirees and working professionals.
As part of the greater Tampa Bay area, Largo continues to benefit from robust population growth, regional economic expansion, and ongoing infrastructure investment. The city’s blend of coastal lifestyle, central accessibility, and diversified economy makes it a vital player in the long-term growth of Florida’s Gulf Coast. With continued redevelopment initiatives and a focus on quality of life, Largo is well positioned to remain a dynamic and attractive community within one of the nation’s most competitive metropolitan markets.

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