709 North Park Road, Plant City, FL, USA

Plant City, Florida

Google Map

Total Square Feet

±12,727

Total Acreage

±0.79 AC

Asking Price

$1,605,000

Price PSF

$126

CAP Rate

7.75%

The retail suites are all leased on a NNN basis, with tenants reimbursing CAM, taxes, and insurance, reducing the Landlord’s expense exposure
All retail leases include annual rental increases of 3%-5%, adding built-in income growth and providing a hedge against inflation
Suite 3 (2,893 SF, roughly 23% of GLA) is vacant, offering direct lease-up to stabilized occupancy
Roof was replaced in 2020, reducing the likelihood of major capital expenses for a new owner
Verizon Wireless has operated its communications installation at the site since 2006, a hard-to-relocate location that supports continued renewal
The tenant has exercised three prior renewals, demonstrating long-term commitment to the site
Verizon rent grows 2.5% annually, a built-in hedge on a long-tenured income stream
All four retail suites are needs-based service and experiential uses, from salon and fitness to nutrition and event rentals
Each suite is leased to a locally owned, owner-operated business rooted in the Plant City community
As services rather than goods, the tenancy is largely insulated from e-commerce and online price competition
Park Road carries 27,500 vehicles per day for steady drive-by exposure
Park Road feeds Interstate 4, moving 154,000 vehicles per day between Tampa, Lakeland, and Orlando
BayCare opened its $326 million South Florida Baptist Hospital on Park Road at I-4 in 2024
Plant City is among Hillsborough County’s fastest-growing areas, with population increasing 13% since 2020