Investment Overview

Marcus & Millichap is pleased to present the two-tenant retail plaza located at 10608 New East Bay Rd in Gibsonton, FL (Tampa MSA). The five year-old building has been meticulously maintained and features a Dunkin’/Baskin Robbins and Cloud 9 Smoke Shop that are both on NNN leases. Both tenants reimburse for all CAM, including repair and replacement of the building’s roof and structure, as well as insurance and taxes. Dunkin’ has more than nine years remaining on their lease term and have been at the site since its construction in 2017. Cloud 9 Smoke Shop has more than four years remaining on the current term of their lease. Shadow-anchored by a Walmart Supercenter, the 3,290 square foot building sits on an 0.97-acre lot that is a part of a larger commercialdevelopment that also includes an Extended Stay America Premier Suites hotel, the new state-of-the-art AMC Riverview 14 movie theater and other nationally recognized tenants including Dollar Tree, Zaxby’s, McAlister’s Deli and many more. The subject property is located directly off the exit ramp from I-75, an interstate highway that is travelled by more than 88,000 vehicles per day. The property is located less than fifteen miles from downtown Tampa and Busch Gardens, in an area that has seen rapid growth over the last decade, with the population surrounding the property expanding by more than 65% since 2010. There are more than 200,000 residents within five miles of the site, with an average household income substantially above the national average.