Total Square Feet
±32,107 SF
Total Acreage
±3.54
Asking Price
$8,334,000
Frontage
526’ on W Fletcher Avenue
Parking Spaces
140 Parking Stalls (4.4/1,000 SF)
NOI
$562,574
Tampa, Florida
Total Square Feet
±32,107 SF
Total Acreage
±3.54
Asking Price
$8,334,000
Frontage
526’ on W Fletcher Avenue
Parking Spaces
140 Parking Stalls (4.4/1,000 SF)
NOI
$562,574
STRONG LOCAL AND NATIONAL TENANTS
• Rosewood Center is 100% occupied by 14 local and national tenants.
• Aletheia Church recently signed a 10-year lease and completed a $700,000 renovation to the space, showing their dedication to the location.
• Blue Wave Orthodontics is the largest tenant occupying 6,791 SF (21.2% of GLA).
STABLE CASH FLOW WITH MINIMAL LANDLORD RESPONSIBILITIES
• 13 of the 14 leases executed in the center are NNN leases.
• Weighted average lease term remaining of 3.51 years for the current tenants.
STRATEGIC LOCATION
• The property is located on Fletcher Ave, which travels along the north boundary of the University of South Florida and connects to the submarket of Carrollwood.
• The stretch of W Fletcher Ave where the property is located has an AADT of 33,000.
• The center is located on the northwest corner of the signalized intersection of N Rome Ave and W Fletcher Ave.
• Located within the mature, middle to upper class neighborhoods of Carrollwood.
DESIRABLE DEMOGRAPHICS
• 10,488 population within a 1-mile radius
• $112,094 average household income within a 1-mile radius
RECENT CAPITAL IMPROVEMENTS
• $1 million+ in capital improvements over the past 4 years, including new roof, landscape upgrades, curb painting, etc.
• Installation of new HVAC units in the center.
• Recent completions include a $700,000 renovation of the Aletheia Church space and $250,000 renovation to Periodontal Health Center space.
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