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Discount

Family Dollar

7200 Sheldon Rd, Tampa, FL 33615

Listing Price: $1,524,000

Cap Rate
5.25%
Tenant Name
Family Dollar
Years Remaining On Lease
5.4
Guarantor
Corporate Guarantee
Rentable SF
8,000
Lease Type
Double Net
Rent Per Square Feet
$10.00

Investment Overview

TAMPA FAMILY DOLLAR • Tampa is the 3rd most populated city in Florida with a population of 384,959. • Port Tampa Bay is the seventh largest in the nation and Florida’s largest tonnage port, handling nearly half of all seaborne commerce that passes through the state and is responsible for over $15 billion in economic impact. • Several Fortune 1000 companies are headquartered in the metropolitan area including Bloomin’ Brands, WellCare, TECO Energy, and Raymond James Financial. • “Champa Bay” is home to multiple professional sports teams including the NFL Superbowl Champion Tampa Bay Buccaneers, the NHL Tampa Lightning who won the Stanley Cup and the MLBs, Rays. • Professional Sports bring in $2 Billion in revenue each year. TAX FREE STATE • Florida is one of 7 U.S. states that has no State Income Tax. DENSELY POPULATED SUBMARKET • This property is centrally located in the Town ‘n’ Country Tampa submarket in a dense residential community in Hillsborough county. • The 5-mile population is 185,367 with 14.54% growth and the average household income is $86,756. • The subject property is located on Sheldon Road (29,000 VPD) and is surrounded by 3.8M SF of Retail in a 2 mile radius. • 8 Miles from Tampa International Airport which supports over 21 million Passengers annually and has over 650 employees. • The property is only 4 miles from Keiser University Tampa (13,000 Students) and 10 miles from the University of Tampa (9,605 Students). • MacDill Air Force Base is 15 miles from the property and has over 12,000 active-duty military and more than 7,000 civilians. • Interstate 275 is 8 miles away and sees over 107,500 VPD. RECENTLY EXTENDED LEASE • Family Dollar exercised their first 5-year option early in August 2021 and there are over 5 years remaining of lease term. • There are six 5-year options remaining with 10% rent increases. • The Lease is NN with minimal landlord responsibilities. • Tenant is responsible for Taxes, Insurance & HVAC and Landlord is responsible for roof & structure and parking lot. INVESTMENT GRADE TENANT • Dollar Tree/Family Dollar is a publicly traded (NYSE:FDO) Fortune 500 company with an S&P investment grade credit rating of BBB. • Dollar Tree/Family Dollar operate 23,000+ stores across 48 states and five Canadian provinces. • Annual Revenues exceed $12.8 Billion.

Investment Highlights

  • Tampa Family Dollar
  • Tax Free State
  • Densely Populated Submarket
  • Recently Extended Lease
  • Investment Grade Tenant

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Discount

Family Dollar

Listing Price: $1,524,000

Cap Rate
5.25%
Tenant Name
Family Dollar
Years Remaining On Lease
5.4
Guarantor
Corporate Guarantee
Rentable SF
8,000
Lease Type
Double Net
Rent Per Square Feet
$10.00

Investment Highlights

  • Tampa Family Dollar
  • Tax Free State
  • Densely Populated Submarket
  • Recently Extended Lease
  • Investment Grade Tenant

Investment Overview

TAMPA FAMILY DOLLAR • Tampa is the 3rd most populated city in Florida with a population of 384,959. • Port Tampa Bay is the seventh largest in the nation and Florida’s largest tonnage port, handling nearly half of all seaborne commerce that passes through the state and is responsible for over $15 billion in economic impact. • Several Fortune 1000 companies are headquartered in the metropolitan area including Bloomin’ Brands, WellCare, TECO Energy, and Raymond James Financial. • “Champa Bay” is home to multiple professional sports teams including the NFL Superbowl Champion Tampa Bay Buccaneers, the NHL Tampa Lightning who won the Stanley Cup and the MLBs, Rays. • Professional Sports bring in $2 Billion in revenue each year. TAX FREE STATE • Florida is one of 7 U.S. states that has no State Income Tax. DENSELY POPULATED SUBMARKET • This property is centrally located in the Town ‘n’ Country Tampa submarket in a dense residential community in Hillsborough county. • The 5-mile population is 185,367 with 14.54% growth and the average household income is $86,756. • The subject property is located on Sheldon Road (29,000 VPD) and is surrounded by 3.8M SF of Retail in a 2 mile radius. • 8 Miles from Tampa International Airport which supports over 21 million Passengers annually and has over 650 employees. • The property is only 4 miles from Keiser University Tampa (13,000 Students) and 10 miles from the University of Tampa (9,605 Students). • MacDill Air Force Base is 15 miles from the property and has over 12,000 active-duty military and more than 7,000 civilians. • Interstate 275 is 8 miles away and sees over 107,500 VPD. RECENTLY EXTENDED LEASE • Family Dollar exercised their first 5-year option early in August 2021 and there are over 5 years remaining of lease term. • There are six 5-year options remaining with 10% rent increases. • The Lease is NN with minimal landlord responsibilities. • Tenant is responsible for Taxes, Insurance & HVAC and Landlord is responsible for roof & structure and parking lot. INVESTMENT GRADE TENANT • Dollar Tree/Family Dollar is a publicly traded (NYSE:FDO) Fortune 500 company with an S&P investment grade credit rating of BBB. • Dollar Tree/Family Dollar operate 23,000+ stores across 48 states and five Canadian provinces. • Annual Revenues exceed $12.8 Billion.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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