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Peach Lab - Tampa FL 3401 W Kennedy Blvd 2,584 SF Retail Building Tampa, FL 33609 $1,761,000 ($681.50/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 3+ Years Remaining | 4% Annual Increases | 1 (5-Year) Extension |Personal Guaranty From Operator | Growing Business
- NNN Lease | Fee Simple Ownership | No State Income Tax | Limited Landlord Responsibilities
- Prime Real Estate Opportunity | Minutes From Downtown |Surrounding Retailers | Main Retail and Commuter Thoroughfare
- Dense Demographics In 5-mile Trade Area | Six-Figure Incomes
EXECUTIVE SUMMARY
• 3+ years remain on an original 5-year lease
• There are 4% annual rent increases during this lease term with a 1 (5-year) option to extend
• The lease is personally guaranteed by the tenant
• Peach Lab Tampa is a fitness concept focusing on innovative workouts with a more personalized feel
• Peach Lab has four locations in Michigan, one in Florida, and one in South Carolina
• The list of members at this location is growing and the tenant has added more classes as a result
• There are 4% annual rent increases during this lease term with a 1 (5-year) option to extend
• The lease is personally guaranteed by the tenant
• Peach Lab Tampa is a fitness concept focusing on innovative workouts with a more personalized feel
• Peach Lab has four locations in Michigan, one in Florida, and one in South Carolina
• The list of members at this location is growing and the tenant has added more classes as a result
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,584 SF
Building Class
C
Year Built/Renovated
1968/2022
Price
$1,761,000
Price Per SF
$681.50
Cap Rate
6.50%
NOI
$114,477
Tenancy
Single
Building Height
1 Story
Building FAR
0.49
Lot Size
0.12 AC
Zoning
CG
Parking
15 Spaces (5.8 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | A-22-29-18-3OA-000031-00024.0 | Improvements Assessment | $579,421 |
| Land Assessment | $293,179 | Total Assessment | $872,600 |
PROPERTY TAXES
Parcel Number
A-22-29-18-3OA-000031-00024.0
Land Assessment
$293,179
Improvements Assessment
$579,421
Total Assessment
$872,600
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Peach Lab - Tampa FL | 3401 W Kennedy Blvd
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