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709 N Park Rd 12,727 SF 77% Leased Office Building Plant City, FL 33563 $1,605,000 ($126.11/SF) 7.75% Cap Rate
Investment Highlights
- The retail suites are all leased on a NNN basis, with tenants reimbursing CAM, taxes, and insurance, reducing the Landlord’s expense exposure
- Suite 3 (2,893 SF, roughly 23% of GLA) is vacant, offering direct lease-up to stabilized occupancy
- All four retail suites are needs-based service and experiential uses, from salon and fitness to nutrition and event rentals
- All retail leases include annual rental increases of 3%-5%, adding built-in income growth and providing a hedge against inflation
- Roof was replaced in 2020, reducing the likelihood of major capital expenses for a new owner
- Each suite is leased to a locally owned, owner-operated business rooted in the Plant City community
Executive Summary
RIPCO Real Estate is pleased to offer for sale 709 N Park Road, a ±12,727 square foot, single-story multi-tenant retail center along Park Road in Plant City, in eastern Hillsborough County within the Tampa MSA. The center is 77% leased to six tenants: a mix of local retail and service businesses on NNN leases, plus wireless carrier Verizon and tower operator American Tower (NYSE: AMT). The retail leases reimburse CAM, taxes, and insurance under personal guaranties, and a single vacant suite gives a new owner immediate lease-up to 100% occupancy. The retail roster is occupied by needs-based, service-oriented users, including salon, fitness, nutrition, and event-rental operators that draw repeat local traffic and are largely insulated from e-commerce.
Plant City anchors the growing corridor between Tampa and Orlando, minutes from Interstate 4 and along the Park Road corridor that BayCare chose for its new $326 million
South Florida Baptist Hospital, which opened in 2024. Plant City is among HIllsborough County’s fastest growing submarkets, with population up 13% since 2020 and projected
to nearly double by 2050. The asset offers an investor durable in-place income, with a clear path to additional value through lease-up of the vacant suite.
Plant City anchors the growing corridor between Tampa and Orlando, minutes from Interstate 4 and along the Park Road corridor that BayCare chose for its new $326 million
South Florida Baptist Hospital, which opened in 2024. Plant City is among HIllsborough County’s fastest growing submarkets, with population up 13% since 2020 and projected
to nearly double by 2050. The asset offers an investor durable in-place income, with a clear path to additional value through lease-up of the vacant suite.
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
12,727 SF
Building Class
C
Year Built
1980
Price
$1,605,000
Price Per SF
$126.11
Cap Rate
7.75%
NOI
$124,388
Percent Leased
77%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,727 SF
Building FAR
0.38
Lot Size
0.77 AC
Zoning
C-1A - Neighborhood Business District (City of Plant City)
Parking
35 Spaces (2.75 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Awaken Church
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Jan 0000
- Berry Station Nutrition
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Lorem Ipsum
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Jan 0000
- Fitness Studio
- -
- -
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Lorem Ipsum
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Jan 0000
- UR Cabinets
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$9.99
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Awaken Church | - | - | - | - | Jan 0000 | |
| Berry Station Nutrition | - | - | - | Lorem Ipsum | Jan 0000 | |
| Fitness Studio | - | - | - | Lorem Ipsum | Jan 0000 | |
| UR Cabinets | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 3 | 2,878 SF | Retail | Partial Build-Out | Now |
1st Fl-Ste 3
| Size |
| 2,878 SF |
| Space Use |
| Retail |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 3
| Size | 2,878 SF |
| Space Use | Retail |
| Build-Out | Partial Build-Out |
| Available | Now |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | P-28-28-22-ZZZ-000006-03910.0 | Improvements Assessment | $721,900 |
| Land Assessment | $100 | Total Assessment | $722,000 |
Property Taxes
Parcel Number
P-28-28-22-ZZZ-000006-03910.0
Land Assessment
$100
Improvements Assessment
$721,900
Total Assessment
$722,000
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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