Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Fairway North Plaza, a 13,520-squarefoot strip center located in Tampa, Florida. The Property is positioned along Dale Mabry Highway, a primary retail corridor with exposure to approximately 70,500 vehicles per day, providing consistent consumer traffic and strong tenant visibility. The Property is leased to a diverse mix of service-based tenants, limiting exposure to e-commerce disruption and supporting long-term occupancy stability. All tenants operate under NNN leases, providing a low-maintenance investment structure and minimizing expense volatility for ownership. The surrounding area features strong fundamentals, with approximately 9,500 residents within a one-mile radius and median household income exceeding $84,000, supporting consistent retail demand. The market is both established and supply-constrained, with projected population growth of 6% over the next five years. The asset offers a strong parking ratio of 5.03 per 1,000 square feet (70 total spaces), supporting high traffic uses and enhancing accessibility for tenants and customers. Additionally, the Property has undergone recent capital improvements, including a new roof, exterior paint, parking lot seal, and electrical upgrades, reducing near-term capital needs and improving the facade. Overall, the Property presents an opportunity to acquire a stabilized, low-management retail asset with durable tenancy in one of Tampa Bay’s Premier Retail Corridors.