This property is Off-Market

3300 N. Armenia Avenue
Tampa, FL 33607 ·

7,905 SF · Retail For Sale

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Ivy Oaks Plaza

Price N/A Occupancy 100%
Gross Leasable Area 7,905 SF No. Stories 1
Property Type Retail Tenancy Multiple
Property Sub-type Strip Center Year Built 2008
Property Use Type Net Lease Investment with 5 years left on lease Lot Size 0.65 AC
Commission Split 3% Parking Ratio 4.68 / 1,000 SF
Cap Rate 8.45%
Listing ID: 15840809 Date Created: 08/08/2008 Last Updated: 04/02/2010

Description

Brand New 7,900 sf retail shopping center- excellent design & construction
This center incorporates the historic look and feel of the neighborhood with modern construction practices and efficiency. Close attention to detail both structurally and aesthetically makes this shopping center very attractive.

Building was 100% leased prior to completion of construction

Tenants - 5 year leases w/2 options, 3% rental income increase each year.

Historic West Tampa location-

Highlights

  • New Construction
  • 8.45% Cap Rate
  • 11.70% annual return after debt service
  • NNN leases
  • National and Regional Credit Tenants
  • All Suites have excellent storefront visibility to busy Armenia Avenue

Research

3300 N. Armenia Avenue, Tampa, FL 33607 (Hillsborough County)

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