Press Releases
Marcus & Millichap Brokers Sale of Grocery-Anchored Shopping Center Near Tampa
June 01, 2026
SEFFNER, Fla., June 1, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of North Grove Center, a grocery-anchored shopping center in Seffner, Florida. The property sold for $9.6 million.
“North Grove Center presented a compelling value-add opportunity that resonated strongly with multiple local and out-of-state investors,” said Drew Kristol, senior managing director investments in Marcus & Millichap’s Miami office. “The buyer was drawn to the below-market rents in place, the densely populated growth trajectory of the Seffner submarket within the Tampa MSA, and the potential to add value through outparcel development on the excess parking.”
Kristol and Kirk Olson of Marcus & Millichap exclusively marketed the property on behalf of the seller, a Florida-based private investment group.
Located at 707 W. Dr. Martin Luther King Jr. Blvd., North Grove Center spans 69,757 square feet on 9 acres and is anchored by Save A Lot. The center includes national tenants such as Planet Fitness, Dollar Tree and Ace Hardware, along with a mix of local shops, restaurants and service-based retailers. Recent improvements include roof replacements and upgraded LED lighting, and excess parking may support future outparcel development.
“North Grove Center presented a compelling value-add opportunity that resonated strongly with multiple local and out-of-state investors,” said Drew Kristol, senior managing director investments in Marcus & Millichap’s Miami office. “The buyer was drawn to the below-market rents in place, the densely populated growth trajectory of the Seffner submarket within the Tampa MSA, and the potential to add value through outparcel development on the excess parking.”
Kristol and Kirk Olson of Marcus & Millichap exclusively marketed the property on behalf of the seller, a Florida-based private investment group.
Located at 707 W. Dr. Martin Luther King Jr. Blvd., North Grove Center spans 69,757 square feet on 9 acres and is anchored by Save A Lot. The center includes national tenants such as Planet Fitness, Dollar Tree and Ace Hardware, along with a mix of local shops, restaurants and service-based retailers. Recent improvements include roof replacements and upgraded LED lighting, and excess parking may support future outparcel development.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
