Cap Rate
8%
Gross SQFT
13,650
Year Built
2006
Leasable Area
13,650 SF
Term Remaining
±5.52 YRS
NOI
$427,000
Property Type
Retail
LEAD LISTING AGENT
License No.
License No. SL3571659 (FL)
Direct
+1 (305) 845-0231
Mobile
+1 (206) 747-5657
ADDITIONAL LISTING AGENT
INVESTMENT HIGHLIGHTS
- STRATEGIC LOCATION – This property is just a few minutes from AdventHealth Tampa Hospital, which is currently the second largest hospital in Tampa, FL with 626 beds. There are currently 297,594 people living within a 5-mile radius of the property with a household income of $91,533.
- CORPORATE GUARANTEE – The lease is corporately guaranteed by Walgreens with approximately 8,400 locations nationwide. Walgreens Boots Alliance, Inc (WBA: NASDAQ) was recently acquired by Sycamore Partners for ±$10 billion.
- HIGH TRAFFIC – There are currently ±23,500 VPD on W Fletcher Ave and over ±100,000 VPD along I-275, which is just a few blocks away. The property has retailers such as McDonald’s, Circle K, and Winn Dixie all within walking distance.
- USF Proximity – Strategically positioned just minutes from the University of South Florida, which enrolls nearly 49,000 students, this commercial asset sits in a high-traffic corridor with built-in demand from the campus community. Surrounded by student housing developments and university-related infrastructure, the location supports a wide range of tenant types, from service retail to office or medical. Tampa’s sustained population and economic growth further enhance long-term investment upside and stability.
Broker of Record
- Kyle Matthews
- License No. CQ1066435 (FL)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203