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Browse More Listings in Shopping Center For Sale, Tampa, FL or Florida

Shopping Center For Sale

NNN Strip Center!!

408 West Waters Avenue, Tampa, FL 33604

Price:
$1,750,000
Gross Leasable Area:
14,000 SF
Price/SF:
$125
Property Type:
Shopping Center
Property Sub-type:
Strip Center
Additional Sub-types:
Office Building
Restaurant
Retail (Other)
Property Use Type:
Net Lease Investment with 3 years left on lease
Commission Split:
3%
Cap Rate:
8%
Occupancy:
66%
No. Stories:
1
Tenancy:
Multiple
Find Out More...

Last Verified 11/3/2009 Listing ID 16290932

Highlights

Property is a NNN leased investment!
CAM is estimated and charged at $4.80/sq.ft.
Excellent street frontage and exposure on busy W. Waters Avenue!

Flexible retail and storage space for tenants.
Significant upside potential in rents!

Description

Fantastic newer and very well maintained property with excellent frontage and visibility on W. Waters Avenue. Unique combination of retail spaces with storage for each tenant. Low maintenance property with pitched metal roof and very little ground maintenance. This property has a diverse tenant mix with a great deal of upside potential in rents! All rents are NNN with base rents as high as $13/sq.ft. NNN. Tenants with lower rents are on one year leases with room for significant increases. The property is composed of two buildings, each 7,000 sq.ft.

This property is central and located on W. Waters Avenue west of Florida Blvd.

Financial Summary

Major Tenant Information

Proforma
Scheduled Gross Income
$140,000

Tenant	SF Occupied	Lease Expired
Stop & Shop Convenience Store	2,000	5/1/2012
Church	2,200	2/1/2010
Coffee Shop	2,800	2/1/2012
Hair Salon	800	3/1/2010
Computer Store	1,400	11/1/2009

Map of 408 West Waters Avenue, Tampa, FL 33604 (Hillsborough County)

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Presented by

Meridian Creek Properties

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Contact Listing Broker

Sam Fotopoulos (408) 489-8091

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Created 6/23/2009

Additional Information for 408 W Waters Avenue, Tampa, FL 33604

Active For Sale - 1 Listing
Active For Lease - 1 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 408 West Waters Avenue, Tampa, FL 33604

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Former Rent A Center
$12.00/SF/Year
4,950 SF
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$10.00/SF/Year
600 - 2,800 SF

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Shopping Center Property For Sale - NNN Strip Center!!

408 West Waters Avenue, Tampa, FL, 33604