Shopping Neighborhood
Tire Kingdom Plaza | Tampa MSA | Income Tax-Free State
1808 S Parsons Ave, Seffner, FL 33584
Listing Price: $2,400,000
Investment Overview
Marcus & Millichap is pleased to present The Tire Kingdom Plaza, a 7-Unit 100% occupied shopping center in the Heart of Seffner’s major retail corridor. The subject property totals approximately 15,770 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. In addition, MLK and Parsons 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 retail location for nearby residents. 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
- Priced Below Replacement Cost: Tire Kingdom Plaza is priced at only $152.19 PSF which is well below replacement cost.
- National Anchor: Tire Kingdom brand is owned and operated by Mavis Tire Express Services Corp, a national tire retailer with more than 2,000 locations.
- Strong Historical Occupancy: Tire Kingdom has been at this location for over 23 years showing strong commitment to the site.
- NNN Lease Structure: Retail Tenants are reimbursed for Common area maintenance, Insurance, Management, and Property Taxes. Please see the operating statement for more information on specific reimbursement amounts.
- Value-Add: Tire Kingdom, the property's largest tenant, has a Base rental rate of $9.95PSF providing additional upside upon the expiration of the lease.
- Tampa Submarket | National Retailers: Tire Kingdom Plaza shares a parking lot with Jiffy Lube, backs up to a McDonalds, and is across the street from a Winn Dixie and a CVS. See retail map for more information.
- Florida, Sunshine State: Florida is an Income Tax Free State. Florida Chamber Foundation Predicts that Florida's population is expected to grow by another 225,000-275,000 new residents in 2024.
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Shopping Neighborhood
Tire Kingdom Plaza | Tampa MSA | Income Tax-Free State
Listing Price: $2,400,000
Investment Highlights
- Priced Below Replacement Cost: Tire Kingdom Plaza is priced at only $152.19 PSF which is well below replacement cost.
- National Anchor: Tire Kingdom brand is owned and operated by Mavis Tire Express Services Corp, a national tire retailer with more than 2,000 locations.
- Strong Historical Occupancy: Tire Kingdom has been at this location for over 23 years showing strong commitment to the site.
- NNN Lease Structure: Retail Tenants are reimbursed for Common area maintenance, Insurance, Management, and Property Taxes. Please see the operating statement for more information on specific reimbursement amounts.
- Value-Add: Tire Kingdom, the property's largest tenant, has a Base rental rate of $9.95PSF providing additional upside upon the expiration of the lease.
- Tampa Submarket | National Retailers: Tire Kingdom Plaza shares a parking lot with Jiffy Lube, backs up to a McDonalds, and is across the street from a Winn Dixie and a CVS. See retail map for more information.
- Florida, Sunshine State: Florida is an Income Tax Free State. Florida Chamber Foundation Predicts that Florida's population is expected to grow by another 225,000-275,000 new residents in 2024.
Investment Overview
Marcus & Millichap is pleased to present The Tire Kingdom Plaza, a 7-Unit 100% occupied shopping center in the Heart of Seffner’s major retail corridor. The subject property totals approximately 15,770 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. In addition, MLK and Parsons 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 retail location for nearby residents. 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
