Shopping Neighborhood
100% Occupied Center in Tampa Bay MSA
102 Flagship Dr, Lutz, FL 33549
Listing Price: $2,992,914
Investment Overview
Subject is a Prime 16,268 Square-Foot Retail Center on a 1.37-Acre Lot with Ample Parking, Pylon Signage, Easy Ingress/Egress, and Located on the Main Thoroughfare into Tampa Bay. Subject is 100% Leased and Has Modified Gross Leases with 3% Annual Increases for Each Tenant. Subject is Only 12 Miles from Downtown Tampa Bay, with a Metropolitan Statistical Area Population of About 2.9 Million Residents.
100% Occupied Center in Tampa Bay MSA
Investment Highlights
- Over $300,000 of Capital Improvements Over the Last Five Years
- The Anchor Restaurant Tenant is Occupying 39% of the Building and Paying 32% of the Total Rental Income. This Tenant Started Leasing at this Location in 1999 and is Very Established
- The Center has Online Resistant, Easily Replaceable Tenants Serving the Community Directly: Barber, Toddler Care, Music School, Beauty salon, Caterer, Massage, Tattoo, Church, etc
- Well Established Retail Corridor | Nearby National Retailers Include: Winn Dixie, Dunkin', Pizza Hut, McDonald's, Walgreens, Chase Bank, Publix, and Many Others
- Affluent Community with an Average Household Income of Over $105,000 within Five Miles of the Subject Asset, as of 2021
- Robust Traffic Counts on US Highway 41 (41,319 Vehicles Per Day) Running From Miami Florida to the Upper Penninsula of Michigan (Source: LandVision, CoStar, 2022)
Exclusively Listed By
Broker of Record
Listing Price: $2,992,914
Investment Highlights
- Over $300,000 of Capital Improvements Over the Last Five Years
- The Anchor Restaurant Tenant is Occupying 39% of the Building and Paying 32% of the Total Rental Income. This Tenant Started Leasing at this Location in 1999 and is Very Established
- The Center has Online Resistant, Easily Replaceable Tenants Serving the Community Directly: Barber, Toddler Care, Music School, Beauty salon, Caterer, Massage, Tattoo, Church, etc
- Well Established Retail Corridor | Nearby National Retailers Include: Winn Dixie, Dunkin', Pizza Hut, McDonald's, Walgreens, Chase Bank, Publix, and Many Others
- Affluent Community with an Average Household Income of Over $105,000 within Five Miles of the Subject Asset, as of 2021
- Robust Traffic Counts on US Highway 41 (41,319 Vehicles Per Day) Running From Miami Florida to the Upper Penninsula of Michigan (Source: LandVision, CoStar, 2022)
Investment Overview
Subject is a Prime 16,268 Square-Foot Retail Center on a 1.37-Acre Lot with Ample Parking, Pylon Signage, Easy Ingress/Egress, and Located on the Main Thoroughfare into Tampa Bay. Subject is 100% Leased and Has Modified Gross Leases with 3% Annual Increases for Each Tenant. Subject is Only 12 Miles from Downtown Tampa Bay, with a Metropolitan Statistical Area Population of About 2.9 Million Residents.
Exclusively Listed By
Broker of Record
