Total Square Feet
±60,234 SF
Total Acreage
±7.24
Asking Price
$15,500,000
NOI
$1,100,450
Total Square Feet
±60,234 SF
Total Acreage
±7.24
Asking Price
$15,500,000
NOI
$1,100,450
STABLE CASH FLOW SHADOW-ANCHORED BY EOS FITNESS - MARK-TO-MARKET UPSIDE
•West Village Commons is 90.4% occupied by 16 tenants and shadow anchored by EoS Fitness
•10 of the 16 tenants have no options remaining, giving an investor potential upside by increasing rents to market rate
•Notable tenants at the center include United States Postal Services, Dollar Tree, Little Caesars, and De’Dior Salon Studio
•The EoS Fitness that shadow-anchors the center ranks as the 30th fitness center in the nation by total visits per Placer.ai. This is out of a total of 25,322 locations around the country
•USPS recently extended for 5 years showing strong commitment to the site
STRATEGIC LOCATION IN CARROLLWOOD - TOP SUBMARKET IN TAMPA MSA
•The center is located on the southwest corner of Ehrlich Road (32,500 AADT) and W Village Drive. Turner Road (15,400 AADT) borders the property to the west. Each of these roads has a monument sign or pylon sign
•There are signalized intersections on the northeast and northwest corners of the property, providing easy ease of access from different flows of traffic
•Turner Road and W Village Drive both have median cuts allowing both northbound and southbound lanes access to the asset
•Service based tenant mix compliments the surrounding mature, middle to upper class neighborhoods in the Carrollwood and Northdale area
DESIRABLE DEMOGRAPHICS
•$133,875 average household income within a 1-mile radius
•84,207 population within a 3-mile radius
•190,459 daytime population within a 5-mile radius
RECENT CAPITAL IMPROVEMENTS
•The center underwent a total renovation that was completed in 2022, including new roofs, paint, facade, and signage
•A portion of the roof was replaced in 2020, and the other portion was replaced in 2022. Both have 20-year in-place warranties that run from their respective date of completion
Email Blast Signup Form
Please fill out all of the fields below.