Shopping Strip
Northwest Tampa Strip Center | 100% Occupied | All NNN Leases
7123 N Armenia Ave, Tampa, FL 33604
Listing Price: $736,000
Cap Rate
6.27%
Gross SF
2,952
Rentable SF
2,952
Price/Gross SF
$249.32
Lot Size
0.17 acres
Year Built
1959
Investment Overview
We're pleased to present the offering for a 100% occupied neighborhood retail center in Tampa, FL.
Northwest Tampa Strip Center | 100% Occupied | All NNN Leases
Investment Highlights
- 100% Occupied Neighborhood Retail Center | Three Tenants All on NNN Leases
- Landlord Only Responsible for Roof, Structure and Plumbing
- 2,952-SF on +\-0.17 Acre Lot
- $53,136 Annual Base Rent
- Both Tenants Currently Have 3% Annual Rental Increases
- Upside Potential: Near-term Lease Rollovers Allow for Rent Adjustments to Market
- Value-Add Opportunity: Current Rents at $18/SF Below Comparable New Lease Rates
- Location Strength: Located in a Strong Northwest Tampa Market, Armenia Avenue Sees 20,500 Vehicles Per Day | Strong Demographics: Dense Population With Solid Household Incomes | Average 3-Mile Demographics: Population Exceeds 126,500, | $77,630 Average Household Income
Exclusively Listed By
Shopping Strip
Northwest Tampa Strip Center | 100% Occupied | All NNN Leases
Listing Price: $736,000
Cap Rate
6.27%
Gross SF
2,952
Rentable SF
2,952
Price/Gross SF
$249.32
Lot Size
0.17 acres
Year Built
1959
Investment Highlights
- 100% Occupied Neighborhood Retail Center | Three Tenants All on NNN Leases
- Landlord Only Responsible for Roof, Structure and Plumbing
- 2,952-SF on +\-0.17 Acre Lot
- $53,136 Annual Base Rent
- Both Tenants Currently Have 3% Annual Rental Increases
- Upside Potential: Near-term Lease Rollovers Allow for Rent Adjustments to Market
- Value-Add Opportunity: Current Rents at $18/SF Below Comparable New Lease Rates
- Location Strength: Located in a Strong Northwest Tampa Market, Armenia Avenue Sees 20,500 Vehicles Per Day | Strong Demographics: Dense Population With Solid Household Incomes | Average 3-Mile Demographics: Population Exceeds 126,500, | $77,630 Average Household Income
Investment Overview
We're pleased to present the offering for a 100% occupied neighborhood retail center in Tampa, FL.
Exclusively Listed By
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