1902 North Dale Mabry Highway, Tampa, FL, USA

Tampa, Florida

Google Map

Available Spaces

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

Outparcel to Walters Crossing anchored by Target, Home Depot, and Nordstrom Rack
Surrounded by top retailers and major shopping destinations like Midtown and Westshore Plaza
69 spaces with cross-parking for 50 additional spaces throughout the shopping center
Landlord prepared to replace windows with new façade
Former Sweet Tomatoes restaurant