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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 Under Contract
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 started when Macon Brock, Doug Perry, and Ray Compton opened the first only dollar store in Georgia. The company expanded rapidly through the 1990s, acquiring competitors like Dollar Bill and Clearance Centers. In 2015, Dollar Tree merged with Family Dollar, creating a retail giant with thousands of locations across North America. Today, the company operates both Dollar Tree and Family Dollar stores that sell everything from household goods to frozen foods. Dollar Tree emphasizes value and convenience in all its product offerings.
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 began in 1992 when Michael and Marc Grondahl bought a failing Gold's Gym in Dover, New Hampshire. The company created a welcoming environment for casual exercisers with its Judgement Free Zone concept. Planet Fitness grew rapidly through franchising, becoming one of the largest fitness chains globally. The business model focuses on affordability and accessibility with low membership fees. The company provides cardio and strength equipment, free fitness training, and various membership options. Planet Fitness operates thousands of locations worldwide.
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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