Jackson Square 7345 Jackson Springs Dr 11,895 SF 100% Leased Office Building Tampa, FL 33634 $2,888,000 ($242.79/SF) 7.25% Cap Rate

RIPCO Real Estate is pleased to offer for sale Jackson Springs Square, a ±11,896 SF medical office center that is 100% occupied by 8 tenants, all on NNN leases, with six tenants having annual rent escalations. These lease structures provide stable cash flow and increase NOI to hedge against inflation. The asset has a 3.06 WALT, giving the Landlord the flexibility to shape tenant diversity and composition in the near term. Most tenants have relocation clauses in their lease, providing further Landlord control of the center’s configuration. The property is located near the signalized intersection of Hanley Rd (19,300 AADT) and Jackson Springs Rd. The site is located less than a mile from the Veterans Expressway (104,088 AADT) and less than 1.5 miles from Tampa International Airport (TPA). Within 5 miles of Jackson Springs Square, there is a population of 215,310 and an average household income of $105,158.
This asset would be an attractive opportunity for investors looking to acquire a fully occupied property with NNN leases stabilizing cash flow, along with shorter lease terms that have little to no option periods, giving the landlord greater control over the center. It also features relocation clauses in leases to provide additional flexibility in configuring the center and is located in a densely populated residential area with a population of 16,542 within a 1-mile radius.