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Sunnyside 1902 N Dale Mabry Hwy 8,460 SF Retail Building Tampa, FL 33607 $6,822,000 ($806.38/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 6.5 Years remaining on an Absolute NNN lease with two 5-year options to extend. Initial term and option periods include +2% annual rental increases
- Long-term Absolute NNN lease provides an attractive, management-free investment located in a state with no state income tax
- The property is an outparcel to a power center anchored by Home Depot, Nordstrom Rack, HomeGoods, and Target, driving additional traffic to the area
- The lease is corporately guaranteed by Cresco Labs, Inc., one of the largest multistate cannabis operators in the United States with over 30 locations
- The asset is located on the westside of N Dale Mabry Hwy in Tampa, FL, the largest retail corridor in Tampa, with an AADT of 57,500
- Close proximity to popular destinations such as Tampa International Airport, International Plaza, Westshore Plaza, and Midtown Tampa
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,460 SF
Building Class
B
Year Built
1968
Price
$6,822,000
Price Per SF
$806.38
Cap Rate
7%
NOI
$477,544
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.18 AC
Zoning
CI
Frontage
133’ on Dale Mabry
AMENITIES
- Pylon Sign
- Signage
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 8,460 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 8,460 SF | Retail | - | Now |
1st Floor
| Size |
| 8,460 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
NEARBY MAJOR RETAILERS
The Bistro
PROPERTY TAXES
| Parcel Number | A-16-29-18-ZZZ-000005-48060.0 | Improvements Assessment | $1,275,250 |
| Land Assessment | $2,341,350 | Total Assessment | $3,616,600 |
PROPERTY TAXES
Parcel Number
A-16-29-18-ZZZ-000005-48060.0
Land Assessment
$2,341,350
Improvements Assessment
$1,275,250
Total Assessment
$3,616,600
1 of 4
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MATTERPORT 3D TOUR
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STREET VIEW
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Sunnyside | 1902 N Dale Mabry Hwy
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