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Promenade Retail - Tampa (Wesley Chapel) FL 7597 Triumph Ridge Pt 9,222 SF 100% Leased Retail Building Wesley Chapel, FL 33545 $8,346,000 ($905.01/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Three-Tenant Offering | New Leases | Options to Extend |Scheduled Rental Increases | Limited Landlord Responsibilities
- Signalized, Hard Corner Intersection | Part of Larger Development |Across From Publix Center | Epperson Lagoon | Major Developments
- Wesley Chapel’s Downtown - “Legacy”
- Local Demographics in 5-Mile Trade Area | Population Growth | Six-Figure Incomes | High-Growth Tampa Sub-Market
- Trinity Sports and Entertainment Development
EXECUTIVE SUMMARY
• Opportunity to acquire the Promenade Three-Tenant strip, a new construction retail building that consists of Heartland Dental, GoodVets, and Ann’s Salon & Spa
• The tenants are all operating under new 10-year lease terms with rent increases and options to extend
• Landlord responsibilities limited to roof, structure, foundation, parking lot re-surfacing, common area maintenance
• Building and site feature an 80 mil TPO roof w/ 30-year roof warranty, heavy duty asphalt pavement, extensive use of low maintenance stacked stone and Nichiha cement board sliding, and more
• The tenants are all operating under new 10-year lease terms with rent increases and options to extend
• Landlord responsibilities limited to roof, structure, foundation, parking lot re-surfacing, common area maintenance
• Building and site feature an 80 mil TPO roof w/ 30-year roof warranty, heavy duty asphalt pavement, extensive use of low maintenance stacked stone and Nichiha cement board sliding, and more
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,222 SF
Year Built
2025
Price
$8,346,000
Price Per SF
$905.01
Cap Rate
6%
NOI
$500,742
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.22 AC
Zoning
Commercial
Parking
57 Spaces (6.18 Spaces per 1,000 SF Leased)
Frontage
153’ on Triumph Ridge Point
AMENITIES
- Dedicated Turn Lane
- Signage
NEARBY MAJOR RETAILERS
1 of 16
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Promenade Retail - Tampa (Wesley Chapel) FL | 7597 Triumph Ridge Pt
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