1902 North Dale Mabry Highway, Tampa, FL, USA

Tampa, Florida

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Total Square Feet

±8,460 SF

Asking Price

$6,822,000

NOI

$477,544

Cap Rate

7.00%

6.5 Years remaining on an Absolute NNN lease with two 5-year options to extend. Initial term and option periods include +2% annual rental increases, increasing cash flow and hedging against inflation
Long-term Absolute NNN lease provides an attractive, management-free investment located in a state with no state income tax
The asset is located on the westside of N Dale Mabry Hwy in Tampa, FL, the largest retail corridor in Tampa, with an AADT of 57,500
The property is located less than 1 mile from the Tampa International Airport, 0.5 miles from the $500 million Midtown Tampa mixed-use development, and 0.2 miles from I-275, the primary east-west highway in the Tampa MSA with over 230,000 AADT
14,207 population within a 1-mile radius
$132,124 average household income within a 3-mile radius