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North Grove Center 707-787 Martin Luther King Blvd 69,757 SF 97% Leased Retail Building Seffner, FL 33584 $10,150,000 ($145.51/SF) 6.80% Cap Rate



Investment Highlights
- Save-A-Lot Anchored Shopping Center Located on High Traffic Intersection in Seffner, FL (Tampa MSA)
- North Grove Center is Competitively Priced Well Below Replacement Cost at $145 per Square Foot
- Multiple Tenants have Below Market Rents Including Dollar Tree, Planet Fitness and Save-A-Lot
- 85% of the Center is Occupied by National Brand Tenants Including Planet Fitness, Dollar Tree, Ace Hardware, Papa John’s Pizza, and Select Phys
- Excess Parking May Allow for An Outparcel Development
- North Grove Center Sits on a High-Traffic, Signalized Corner with Over 54,000 VPD Passing Through the Intersection
Executive Summary
Contact listing team at 786-522-7086 for more information on this opportunity.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
Ace Hardware began in 1924 when Chicago entrepreneurs combined resources to form Ace Stores. By 1931, it became Ace Hardware Corporation and transitioned to a retailer-owned cooperative in 1973. The company now serves thousands of independent stores across numerous countries with products spanning home improvement, paint, lawn and garden, and tools. Ace provides business support through marketing, supply chain services, and localized inventory while maintaining community-focused operations.
Dollar Tree, Inc. is a major North American discount retailer headquartered in Chesapeake, Virginia. The company operates a large network of small-format stores across the United States and Canada, offering low-priced consumables, household goods, seasonal merchandise, health and beauty products, and snacks. Dollar Tree is widely recognized for its fixed-price strategy, selling most products at a set low price point through its Dollar Tree banner, while its Family Dollar banner offers everyday low-cost merchandise across variable price ranges. Corporate operations at the Chesapeake headquarters oversee merchandising, supply chain, marketing, finance, human resources, and real estate activities supporting thousands of stores nationwide. Dollar Tree emphasizes convenience, value, and efficient distribution, with additional support from multiple distribution centers throughout North America.
Papa Johns began in 1984 when founder John Schnatter converted a broom closet into a pizza operation. The company quickly expanded through franchising and now maintains a significant international footprint. The business focuses on pizza delivery and carryout services while emphasizing fresh ingredients. Their product lineup includes various pizza styles, sides, desserts, and beverages. Though originally based in Indiana, the brand developed a global presence through both company-owned and franchised locations. The company's commitment to quality ingredients remains central to its operations.
Planet Fitness is a public fitness center franchisor and operator headquartered in Hampton, New Hampshire. The company was founded in 1992 and operates within the health and fitness industry, focusing on affordable gym memberships and standardized club formats. Planet Fitness develops, franchises, and operates branded fitness centers that provide cardio, circuit training, and strength equipment, as well as limited in-club instruction. The company’s business model is centered on franchising, with most locations operated by independent franchisees rather than corporate ownership. Planet Fitness supports franchise operations through centralized brand management, equipment sourcing, marketing, and operational systems. Over time, the brand has expanded its footprint beyond the United States into select international markets. Planet Fitness became a publicly traded company in 2015 and is listed on the New York Stock Exchange under the ticker symbol PLNT. In 2024, the company experienced a leadership transition with the appointment of a new chief executive officer. Planet Fitness has also continued to refine its club formats and equipment offerings to support a broader range of fitness preferences. From a real estate perspective, Planet Fitness locations typically occupy large-format retail, power center, or freestanding spaces, with an emphasis on visibility, parking availability, and flexible interior layouts suited to fitness equipment and member circulation.
Save A Lot is one of the largest discount grocers in the country, committed to providing customers with quality products at everyday low prices. Shoppers will find fresh produce, in-store cut meat, and exclusive award-winning brands that help save money. The store also offers a wide selection of popular national brands. Save A Lot focuses on keeping costs low, so customers can maximize their spending power. With a select assortment of around 1,800 frequently purchased products, they reduce the need for excess space and eliminate slow-moving items from their distribution. This streamlined approach enables them to pass the savings directly on to their customers, ensuring high-quality groceries at affordable prices every day of the week.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Retailer | 10,500 SF | - | Triple Net | - | |
|
Retailer | 10,800 SF | - | Triple Net | - | |
|
Accommodation and Food Services | 1,300 SF | - | - | - | |
|
Arts, Entertainment, and Recreation | 18,574 SF | - | - | Sep 2022 | |
|
Retailer | 15,732 SF | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | U-03-29-20-ZZZ-000002-33950.0 | Improvements Assessment | $6,555,400 |
| Land Assessment | $100 | Total Assessment | $6,555,500 |
Property Taxes
Presented by
North Grove Center | 707-787 Martin Luther King Blvd
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