Shopping Strip

Sprouts Farmers Market (NASDAQ: SFM) & PetSmart | High Income Tampa Suburb | 100% Leased

3315 Lithia Pinecrest Rd, Valrico (Tampa MSA), FL 33596

Listing Price: $15,302,793

Cap Rate
6.08%
Gross SF
53,662
Rentable SF
53,662
Price/Gross SF
$285.17
Lot Size
5.42 acres
Year Built
1997

Investment Overview

Valrico is a town in Hillsborough County, Florida located just 14 miles east of Tampa. This is an affluent growing community part of the Tampa-St. Petersburg-Clearwater MSA. The area is varied and cosmopolitan with a pleasant climate and balanced local economy. The economy has gained traction recently due to the business-friendly climate. Nearly one in four of the state's business and information services firms resides in Tampa MSA.These firms range from financial services firms to information technology providers to professional services organizations such as law firms, accounting firms, engineering firms, consulting and more. As a gateway to the Florida High Tech Corridor, Tampa Bay is home to many information technology firms along with many business services providers.

Investment Highlights

  • 100% Occupied Sprouts Anchored Center Featuring NNN Leases with Favorable Increases Every 5 Years Throughout the Initial Term and Options.
  • 2019 Renovation Feat. a Roof Replacement & Parking Lot Repaving/Restriping. Strong Performing Sprouts per Placer.ai: Top 30% in the Chain, 2nd Best in All of FL and Most Visited Sprouts w/in 50-Miles.
  • Densely Populated Affluent Area: Features an Average Household Income of $119k+ within a 1-Mile Radius and over 174k People Residing within a 5-Mile Radius. Population has Increased by 58% Since 2000.
  • Surrounded by Numerous National Retailers including a Walmart Supercenter, Publix, Walgreens, Stein Mart, The Fresh Market, Harbor Freight, Crunch Fitness and more.
  • The Property is Well-Positioned in the Heart of Valrico - Adjacent to Rapidly-Growing, Densely-Populated Residential Neighborhoods and Successful Retail Developments.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 17k+ Vehicles.
  • Located in the Tampa-St. Petersburg-Clearwater MSA, the Area Boasts a Robust, Diverse Economy with 19 Corporate Headquarters, Eight of which are Fortune 1000 Companies.

Exclusively Listed By

Shopping Strip

Sprouts Farmers Market (NASDAQ: SFM) & PetSmart | High Income Tampa Suburb | 100% Leased

Listing Price: $15,302,793

Cap Rate
6.08%
Gross SF
53,662
Rentable SF
53,662
Price/Gross SF
$285.17
Lot Size
5.42 acres
Year Built
1997

Investment Highlights

  • 100% Occupied Sprouts Anchored Center Featuring NNN Leases with Favorable Increases Every 5 Years Throughout the Initial Term and Options.
  • 2019 Renovation Feat. a Roof Replacement & Parking Lot Repaving/Restriping. Strong Performing Sprouts per Placer.ai: Top 30% in the Chain, 2nd Best in All of FL and Most Visited Sprouts w/in 50-Miles.
  • Densely Populated Affluent Area: Features an Average Household Income of $119k+ within a 1-Mile Radius and over 174k People Residing within a 5-Mile Radius. Population has Increased by 58% Since 2000.
  • Surrounded by Numerous National Retailers including a Walmart Supercenter, Publix, Walgreens, Stein Mart, The Fresh Market, Harbor Freight, Crunch Fitness and more.
  • The Property is Well-Positioned in the Heart of Valrico - Adjacent to Rapidly-Growing, Densely-Populated Residential Neighborhoods and Successful Retail Developments.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 17k+ Vehicles.
  • Located in the Tampa-St. Petersburg-Clearwater MSA, the Area Boasts a Robust, Diverse Economy with 19 Corporate Headquarters, Eight of which are Fortune 1000 Companies.

Investment Overview

Valrico is a town in Hillsborough County, Florida located just 14 miles east of Tampa. This is an affluent growing community part of the Tampa-St. Petersburg-Clearwater MSA. The area is varied and cosmopolitan with a pleasant climate and balanced local economy. The economy has gained traction recently due to the business-friendly climate. Nearly one in four of the state's business and information services firms resides in Tampa MSA.These firms range from financial services firms to information technology providers to professional services organizations such as law firms, accounting firms, engineering firms, consulting and more. As a gateway to the Florida High Tech Corridor, Tampa Bay is home to many information technology firms along with many business services providers.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower