Total Square Feet
±34,002 SF
Total Acreage
±0.78 AC
Asking Price
$8,528,662
NOI
$618,328
Occupancy
98.7%
For sale
16132 Churchview Drive, Lithia, FL, USA
Lithia, Florida
- Shopping Center
Key Details
Investment Highlights
- Park Square serves as the primary retail, medical,and service hub for FishHawk Ranch, a 3,000-plus acre master-planned community in Lithia, FL with over 26,000 residents, creating a built-in, recurring customer base with limited retail alternatives within the community’s footprint
- FishHawk Ranch’s population has grown by over 700% since its founding in the late 1990s, driven by sustained demand from homebuyers drawn to the community’s top-rated Hillsborough County schools, extensive resort-style amenities, and convenient access to the broader Tampa Bay metro
- FishHawk Ranch’s master-planned structure creates a supply-constrained commercial environment, with limited opportunity to develop competing retail within the community’s footprint, positioning Park Square as an effectively irreplaceable asset within this trade area
- All 16 tenants operate in destination-based, experience-driven categories. These uses are insulated from online competition and generate consistent, recurring visitation from the surrounding residential community
- The TPO roof systems on both buildings were fully replaced in January 2026 and are covered by a 20-year transferable warranty that conveys with the sale, reducing the likelihood of needing to complete a major capital expense in the near future
- Anytime Fitness, the world’s largest fitness franchise with over 5,800 locations across 50 countries and a parent platform (Purpose Brands) with combined annual sales exceeding $3.5 billion, serves as the property’s fitness anchor and is a daily-use destination. Anytime recently extended their lease for 5 years with a 67% increase in rent, showing a high level of dedication to this location
- The healthcare segment anchored by Fishhawk Oral & Facial Surgery and Blooming Bright Pediatrics introduces two of the most resilient use categories in commercial real estate: specialty dental/surgical and pediatric medicine, both of which generate consist foot-traffic and have a very low probability of relocating
- 10,589 population within a 1-mile radius
- 34,088 population within a 3-mile radius
- $186,516 average household income within a 3-mile radius
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For sale
16132 Churchview Drive, Lithia, FL, USA
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