10902 N Florida Ave
Tampa, FL 33612
Avis-Budget · Retail Property For Sale

Marcus & Millichap is pleased to present this Avis-Budget Car Rental located in Tampa, FL. There are two years remaining on the double-net lease with three percent annual increases and two five-year options. The property is leased to Avis Budget Car Rental, LLC which operates 5,550 locations across the United States. Avis-Budget Car Rental is centrally located on North Florida Avenue just 15 minutes north of downtown Tampa, and 10 minutes west of University of South Florida and Busch Gardens. The property is located in Tampa’s historic Seminole Heights neighborhood. Seminole Heights is currently undergoing mass redevelopment with several new residential developments nearing completion. Just three miles down the road from the property is a brand new mixed-use development with 86 residential units and 8,000-square-feet of street front retail. Another project on North Florida Avenue with 52 residential units and 11,000-square-feet of street front retail is underway with completion scheduled for December 2018. Ichicoro, a critically acclaimed ramen restaurant with a cult following recently opened on North Florida Avenue, with an award winning American fare restaurant nearby as well. Local businesses in this neighborhood have been so successful that Seminole Heights has become a target for new restaurants, bars, and other retailers looking to enter the growing market. The subject property is just a 20 minute drive away from the $3 billion Water Street redevelopment project that will transform Downtown Tampa,effectively doubling it in size. Scheduled for phase one completion in 2019, the massive nine million square foot project will consist of two hotels, 3,500 residential units, one million square feet of retail space, and two million square feet of office space, as well as the University of South Florida’s new Morsani Medical College.