11720-11782 E Dr Martin Luther King Jr Blvd
Seffner, FL 33584
Mango Plaza · Retail Property For Sale

Institutional Property Advisors is pleased to present the sale of Mango Plaza, a 166,465 square foot shopping center located in Seffner, Florida, just 10 miles east of downtown Tampa, Florida. The property is anchored by both Publix Supermarket and Walmart, who have successfully operated here since the property was constructed in 1986. Both of these anchor tenants enjoy strong and growing store sales, and pay well-below current market rental rates. Neither Publix nor Walmart have competing locations nearby. Publix has only one remaining five-year renewal option through August of 2026, allowing for significant upside through modernizing the center and bringing the Publix space and other inline spaces up to market rental rates. Mango Plaza is located on the signalized corner of SR 574 (MLK, Jr. Blvd.) and Mango Road, with combined traffic counts of 52,100 vehicles per day. SR 574 has a ramp onto I-75 just 1.5 miles to the west and Mango Road has a ramp onto I-4 just 1.8 miles to the north of the subject property. The immediate area has benefited from several new multifamily and light industrial developments, including a FedEx delivery facility. The population within three miles of the center has experienced 10 percent growth within the past five years. Priced well below replacement cost with strong in-place cash flow, Mango Plaza is an excellent opportunity to acquire a value-add shopping center with strong anchor tenants in a growing submarket just outside Tampa, Florida.