Total Square Feet
±57,320 SF
Asking Price
$8,000,000
NOI
$566,340
Cap Rate
7.08%
Price PSF
$140
For sale
1919 North Pinellas Avenue, Tarpon Springs, FL, USA
Tarpon Springs, Florida
- Shopping Center
Key Details
Investment Highlights
- The property is currently leased to 13 tenants with one vacancy. Of the 13 tenants, 12 are on NNN leases, providing stable cash flow for this center
- Four of the tenants are national tenants, including Dollar General, MetroPCS, Subway, and Pizza Hut
- A 1,200 SF vacancy and over 5,700 SF of expiring leases by 2026 offers potential buyers an opportunity to increase profitability of the center by re-leasing at market rents
- Dollar General (24 years), Pizza Hut (32 years), Subway, Metro PCS, Q-Nails and Metro Treatment have been tenants for 10+ years
- Discount oriented tenants compliment the surrounding demographics
Brokers
Request Pricing / Contact
For sale
1919 North Pinellas Avenue, Tarpon Springs, FL, USA
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