2874 Providence Lakes Boulevard, Brandon, FL 33511, USA

Brandon, Florida

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Total Square Feet

±6,715 SF

Asking Price

$3,390,538

CAP Rate

6.50%

Reimbursements recover more than 100% of operating expenses due to 15% admin fees provided by both leases, so expense inflation is carried by the tenants
A new 10-year lease takes just over half the building off the rollover schedule for a full hold period
Rent grows 2% annually, income growth that does not depend on releasing space
Annual financial reporting rights let an owner track store-level performance
World of Beer has occupied the center for over 13 years of their 15 year initial term
Costco Wholesale pulls a regional membership base past the site on a repeat weekly basis
A Walmart Supercenter within a quarter mile adds a second international retailer drawing the same trade area
15,151 population and $98,305 average household income with a 1-mile radius
The Brandon trade area grew at 2-times the national rate since 2010