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Shopping Strip

Trout Creek Commons

20304 Trout Creek Dr, Tampa, FL 33647

Listing Price: $4,800,000

Cap Rate
3.77%
Gross SF
14,992
Rentable SF
14,992
Price/Gross SF
$320.17
Lot Size
1.87 acres
Year Built
2011

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Trout Creek Commons, a 14,992-square-foot shopping center located in Tampa Bay MSA. The subject property is a rare, value-add opportunity for the new owner to lease to a single-user or easily divide the 7,000 square-foot vacant space in to five 1,400 square-foot retail/office units. Pro Forma cap rate of over 8 percent is projected upon stabilization to market occupancy. Trout Creek Commons benefits from the traffic of being located on Wesley Chapel’s main retail corridor and the location surrounding the subject property has a projected population growth of 10% over the next 4 years. In addition to this, there are more than two dozen class A apartment communities located within a 2-mile radius of the subject property providing a built-in customer base for its tenants.

Investment Highlights

  • With approximately 7,000 square-foot of vacancy, the possibilities are endless with the ability to lease to a single-user or easily divide the space in to five 1,400 square-foot retail/office units.
  • Trout Creek Commons benefits from the traffic of being located on Wesley Chapel's main retail corridor.
  • Adjacent to 196-Unit Brand New, Class A Apartment Development - There are more than two dozen class A apartment communities located within a 2-mile radius of the subject property.
  • With a projected population growth of 10% over the next 4 years, Wesley Chapel is leading the charge for both residential and commercial development in the Tampa Bay area.

Exclusively Listed By

Listing Price: $4,800,000

Cap Rate
3.77%
Gross SF
14,992
Rentable SF
14,992
Price/Gross SF
$320.17
Lot Size
1.87 acres
Year Built
2011

Investment Highlights

  • With approximately 7,000 square-foot of vacancy, the possibilities are endless with the ability to lease to a single-user or easily divide the space in to five 1,400 square-foot retail/office units.
  • Trout Creek Commons benefits from the traffic of being located on Wesley Chapel's main retail corridor.
  • Adjacent to 196-Unit Brand New, Class A Apartment Development - There are more than two dozen class A apartment communities located within a 2-mile radius of the subject property.
  • With a projected population growth of 10% over the next 4 years, Wesley Chapel is leading the charge for both residential and commercial development in the Tampa Bay area.

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Trout Creek Commons, a 14,992-square-foot shopping center located in Tampa Bay MSA. The subject property is a rare, value-add opportunity for the new owner to lease to a single-user or easily divide the 7,000 square-foot vacant space in to five 1,400 square-foot retail/office units. Pro Forma cap rate of over 8 percent is projected upon stabilization to market occupancy. Trout Creek Commons benefits from the traffic of being located on Wesley Chapel’s main retail corridor and the location surrounding the subject property has a projected population growth of 10% over the next 4 years. In addition to this, there are more than two dozen class A apartment communities located within a 2-mile radius of the subject property providing a built-in customer base for its tenants.

Exclusively Listed By

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