Total Square Feet
±142,350
Total Acreage
±11.13 AC (Estimate less outparcels)
Asking Price
$35,740,000
NOI
$2,323,044
Total Square Feet
±142,350
Total Acreage
±11.13 AC (Estimate less outparcels)
Asking Price
$35,740,000
NOI
$2,323,044
STRONG NATIONAL & CREDIT TENANTS
• Six of the eight tenants are national tenants – Ashley Furniture, Floor & Décor, Dollar Tree, The Tile Shop, Tropical Smoothie Café, and T-Mobile.
• 62.6% of the Gross Leasable Area (GLA) of the center is occupied by publicly traded companies: Floor & Decor (NYSE: FND), Dollar Tree (NASDAQ: DLTR), the Tile Shop (NASDAQ: TTSH), and T-Mobile (NASDAQ: TMUS).
• Ashley Furniture is the top furniture and mattress retailer in the United States with over 1,100 locations.
STRATEGIC LOCATION
• The property is located on the southeast corner of the signalized intersection of N Dale Mabry Highway and W Columbus Drive.
• The Westshore Business District is the largest business district on Florida’s west coast and includes over 6,500 businesses, 100,000 employees, and 15.3 million square feet of office space.
• Close proximity to popular destinations such as Tampa International Airport, International Plaza, Westshore Plaza, and Midtown Tampa.
• North Dale Mabry Highway is the primary retail thoroughfare in Tampa with an AADT of 57,500. Other nearby retailers include Best Buy, Home Depot, Nordstrom Rack, Target, HomeGoods, Walmart Supercenter, REI, and Whole Foods.
100% OCCUPIED, STABLE CASH FLOW
• 100% occupied power center with eight tenants.
• The property is anchored by Ashley Furniture and Floor & Décor. There are also junior boxes consisting of the Tile Shop and Dollar Tree.
• Six of the tenants have been at the center for six or more years.
• WingHouse is a 5,697 SF outparcel that provides investors with the ability to carve out and create additional cash flow through a disposition.
DESIRABLE DEMOGRAPHICS
Within 1-mile radius
• Population: 12,321 • Households: 5,655 • Avg. HH Income: $87,051
Within 3-mile radius
• Population: 109,089 • Households: 47,349 • Avg. HH Income: $110,890
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