The subject property is an approximately 17,520 square foot freestanding former Rooms To Go that will now be tenanted by Total Wine & More. The store is located on Dale Mabry Highway (US Highway 92), directly off of Interstate 275 in Tampa, Hillsborough County, Florida. Dale Mabry Highway is the major retail corridor in Tampa. The location of the subject property boasts a temendous estimated daily traffic count of 71,636 cars. The building sits on approximately 1.51 acres in front of The Home Depot, Toys R Us, and Walter's Crossing; a 350,000 square foot shopping center that is under development and will be tenanted by Linens N Things, Target, and Wild Oats Marketplace. Other national and regional retailers in the immediate area include Wal-Mart, Best Buy, Staples, McDonald's, Denny's, Borders, Wendy's, Taco Bell, Longhorn Steakhouse, Sweet Tomatoes, Kash N Karry, Romano's Macaroni Grill, a brand new Rooms To Go, Chili's, J. Alexanders, Shell Oil, Comp USA, Carrabba's, Johnny Carino's, and Men's Wearhouse.
The tenant, Total Wine & More, has signed a 15 year-NN lease, with the landlord being solely responsible for Roof and Structure.
The Tampa Metropolitan Statistical Area (MSA), which consists of Hernando, Hillsborough, Pasco, and Pinellas Counties is a growth market. Every year, the population size is among the top 25 nationally. The Tampa market ranks second in size among Southeastern metropolitan areas and first in Florida. The Tampa MSA ranks high in the number of households, effective buying income, and retail activity, not only in Florida and the Southeast, but among all MSA's in the country
The City of Tampa is the largest city in Hillsborough County, is the county seat and is the third most populous city in Florida. It is located on the west coast of Florida, approximately 200 miles northwest of Miami, 180 southwest of Jacksonville, and 20 miles northeast of St. Petersburg. The population of the City represents approximately one-third of the total population of Hillsborough County. Tampa's economy is founded on a diverse base that includes tourism, agriculture, construction, finance, health care, government, technology, and the port of Tampa. Contributing to the success of the community is the way businesses, City government, and citizens work together to make Tampa a better place to live.