Shopping Strip
Tire Kingdom Plaza | Tampa MSA | Income Tax Free State
1808 S Parsons Ave, Seffner, FL 33584
Listing Price: $2,650,000
Investment Overview
Marcus & Millichap is pleased to present The Tire Kingdom Plaza, a 100% occupied shopping center in the Heart of Seffner’s major retail corridor. The subject property totals approximately 15,720 +- rentable square feet of building space on a total estimated 1.44-acre parcel of land. This unique investment opportunity has direct frontage to over 18,000 vehicles per day and is one parcel off from the intersection of MLK and Parsons which has a traffic count of over 60,000 vehicles per day. 128,000+ residents reside within a 5-mile drive of the property making this a prime location with a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.
Tampa's economy is diverse and robust, with key sectors such as finance, healthcare, technology, defense, and tourism contributing to its success. The city has attracted major corporations and entrepreneurial ventures, fostering job opportunities and innovation. Major Surrounding Retailers Include Winn-Dixie, Planet Fitness, CVS, McDonald’s, 7-Eleven, KFC, Auto Zone, Jiffy Lube, Walmart, Publix, and many more.
Tire Kingdom Plaza | Tampa MSA | Income Tax Free State
Investment Highlights
- PRIME TAMPA FLORIDA LOCATION: The Property is located at 1808 S Parsons Ave. in Seffner, Florida (TAMPA, FLORIDA MSA). The area is densely populated and surrounded by many national retailers.
- NATIONAL RETAILERS IN THE AREA: Tire Kingdom Plaza shares a parking lot with Jiffy Lube, backs up to a Mcdonald's, is across the street from a Winn Dixie and a CVS.
- PROFORMA VALUE: Approximate on-market price per square foot for Net Lease Tire Kingdom Property Sales average $518/SF. See comps section for more information.
- Tire Kingdom: The corporately guaranteed tenant has been operating at this site for over 23 years and has renewed the lease several times.
- PRICED BELOW REPLACEMENT COST: Tire Kingdom Plaza is priced at only $168.58/SF +- which is well below replacement cost.
- TIRE KINGDOM RENT: Tire Kingdom, the property's largest tenant which occupies approximately 52% of the property, has a net rental rate of $9.19/NNN*. Rent comps of other single-tenant properties with National Tenants average $24.97 NNN/SF.
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Financing By
Shopping Strip
Tire Kingdom Plaza | Tampa MSA | Income Tax Free State
Listing Price: $2,650,000
Investment Highlights
- PRIME TAMPA FLORIDA LOCATION: The Property is located at 1808 S Parsons Ave. in Seffner, Florida (TAMPA, FLORIDA MSA). The area is densely populated and surrounded by many national retailers.
- NATIONAL RETAILERS IN THE AREA: Tire Kingdom Plaza shares a parking lot with Jiffy Lube, backs up to a Mcdonald's, is across the street from a Winn Dixie and a CVS.
- PROFORMA VALUE: Approximate on-market price per square foot for Net Lease Tire Kingdom Property Sales average $518/SF. See comps section for more information.
- Tire Kingdom: The corporately guaranteed tenant has been operating at this site for over 23 years and has renewed the lease several times.
- PRICED BELOW REPLACEMENT COST: Tire Kingdom Plaza is priced at only $168.58/SF +- which is well below replacement cost.
- TIRE KINGDOM RENT: Tire Kingdom, the property's largest tenant which occupies approximately 52% of the property, has a net rental rate of $9.19/NNN*. Rent comps of other single-tenant properties with National Tenants average $24.97 NNN/SF.
Investment Overview
Marcus & Millichap is pleased to present The Tire Kingdom Plaza, a 100% occupied shopping center in the Heart of Seffner’s major retail corridor. The subject property totals approximately 15,720 +- rentable square feet of building space on a total estimated 1.44-acre parcel of land. This unique investment opportunity has direct frontage to over 18,000 vehicles per day and is one parcel off from the intersection of MLK and Parsons which has a traffic count of over 60,000 vehicles per day. 128,000+ residents reside within a 5-mile drive of the property making this a prime location with a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location. Tampa's economy is diverse and robust, with key sectors such as finance, healthcare, technology, defense, and tourism contributing to its success. The city has attracted major corporations and entrepreneurial ventures, fostering job opportunities and innovation. Major Surrounding Retailers Include Winn-Dixie, Planet Fitness, CVS, McDonald’s, 7-Eleven, KFC, Auto Zone, Jiffy Lube, Walmart, Publix, and many more.
Exclusively Listed By
Financing By
