Shopping Strip

Sprouts/Petsmart Center

3311 Lithia Pinecrest Rd, Valrico, FL 33596

Listing Price: $15,475,000

Cap Rate
6.00%
Gross SF
53,662
Rentable SF
53,662
Price/Gross SF
$288.38
Lot Size
4.71 acres
Year Built
2007

Investment Overview

Sprouts Farmers Market, Inc. is a supermarket chain that focuses on natural and organic foods. Sprouts' offerings include fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, natural body care and household items. PetSmart, Inc. is the largest specialty pet retailer of services and solutions for the lifetime needs of pets. PetSmart employs approximately 56,000 associates and operates more than 1,650 pet stores in the United States, Canada and Puerto Rico as well as more than 200 in-store PetSmart PetsHotel dog and cat boarding facilities. PetSmart provides a broad range of competitively priced pet food and products and offers unique pet services including training, pet grooming, boarding, PetSmart Doggie Day Camp and in-store pet adoptions Valrico is a suburb of Tampa and has an estimated population of 35,545 people. The Greater Tampa Bay Area, also known as the Tampa-St. Petersburg-Clearwater Metropolitan Statistical Area (MSA), is home to over three million residents. In 2017 alone, nearly 55,000 people moved the Tampa Bay area, making it the tenth most populous city nationwide. Over the next five years, the Tampa Bay area’s population is projected to grow to 3.3 million residents.

Investment Highlights

  • Located in Dense Retail Corridor - Publix Supermarket, Crunch Fitness, Walmart, Stein Mart, Chick-fil-A, Walgreens and More
  • Over 57,600 Cars Per Day at the Nearby Intersection of Lithia Pinecrest Road and Bloomingdale Avenue
  • Adjacent to the Newly Constructed, 115,000-Square-Foot BayCare HealthHub
  • Average Household Income Exceeds $119,000 in Immediate Area
  • Down the Road from Bloomingdale High School (2,300 Students)
  • 100 Percent Occupied to Sprouts Farmers Market, PetSmart and Orangetheory Fitness
  • 20 Year Roof Warranty
  • 180,992 Residents within a Five-Mile Radius - Growing Trade Area in the Tampa MSA

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

Listing Price: $15,475,000

Cap Rate
6.00%
Gross SF
53,662
Rentable SF
53,662
Price/Gross SF
$288.38
Lot Size
4.71 acres
Year Built
2007

Investment Highlights

  • Located in Dense Retail Corridor - Publix Supermarket, Crunch Fitness, Walmart, Stein Mart, Chick-fil-A, Walgreens and More
  • Over 57,600 Cars Per Day at the Nearby Intersection of Lithia Pinecrest Road and Bloomingdale Avenue
  • Adjacent to the Newly Constructed, 115,000-Square-Foot BayCare HealthHub
  • Average Household Income Exceeds $119,000 in Immediate Area
  • Down the Road from Bloomingdale High School (2,300 Students)
  • 100 Percent Occupied to Sprouts Farmers Market, PetSmart and Orangetheory Fitness
  • 20 Year Roof Warranty
  • 180,992 Residents within a Five-Mile Radius - Growing Trade Area in the Tampa MSA

Investment Overview

Sprouts Farmers Market, Inc. is a supermarket chain that focuses on natural and organic foods. Sprouts' offerings include fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, natural body care and household items. PetSmart, Inc. is the largest specialty pet retailer of services and solutions for the lifetime needs of pets. PetSmart employs approximately 56,000 associates and operates more than 1,650 pet stores in the United States, Canada and Puerto Rico as well as more than 200 in-store PetSmart PetsHotel dog and cat boarding facilities. PetSmart provides a broad range of competitively priced pet food and products and offers unique pet services including training, pet grooming, boarding, PetSmart Doggie Day Camp and in-store pet adoptions Valrico is a suburb of Tampa and has an estimated population of 35,545 people. The Greater Tampa Bay Area, also known as the Tampa-St. Petersburg-Clearwater Metropolitan Statistical Area (MSA), is home to over three million residents. In 2017 alone, nearly 55,000 people moved the Tampa Bay area, making it the tenth most populous city nationwide. Over the next five years, the Tampa Bay area’s population is projected to grow to 3.3 million residents.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

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