Trinity Commons Retail Center

Shopping Center for Sale
Catylist Listing ID: 30511170
Property Subtypes: Mixed Use, Neighborhood Center, Strip Center, Other
Building Size (RSF): 25,200 SF
Gross Building Area: 29,232 SF
Gross Land Area: 0.86 Acres
Sale Price: $3,500,000
Unit Price: $138.89 PSF
Property Use Type: Investment
Building Name: Trinity Commons
Usable Size (USF): 25,200 SF
Sale Terms: Cash to Seller, Other
Cap Rate: 7.5%
Last Updated: 10/16/2019

Overview / Comments

Trinity Commons is a 13 unit, retail strip center on Mitchell Boulevard, between Seven Springs Boulevard and Little Road in the Trinity area of Pasco County. Trinity Commons offers suites ranging in size from 1,400 SF to 4,200 SF, totaling 25,200 rentable square feet. The center is 95% leased up by tenants who offer a strong mix of dining, shopping, professional services and entertaining activities.

The single-story retail center, built in 2005, is constructed of concrete block and stucco exterior, and a steel frame truss roof structure. The facade features a regional color scheme, a full-length walkway, fully shaded by a deep canopy, and columns attractively veneered in stone. Access to the rear of the building is gained from both east and west sides of the building. Parking is ample and highlighted by mature landscaping.

The property is surrounded by established residential neighborhoods, including Trinity Oaks, Sabal at Windtree, and Natures Hideaway. A number of new residential and mixed-use developments are progressing nearby, including Mitchell Ranch, Mitchell Ranch South, Mitchell Ranch 54 West, Village at Mitchell Ranch, Trinity Pines Preserve. These developments will increase both the residential population, adding several hundred housing units to the immediate area, and contribute to additional commercial opportunities.

 Attractive, well-maintained Trinity location
 25,200± SF shopping center
 Frontage on Mitchell Boulevard
 Highly visible building and monument signage
 Convenient to Seven Springs Boulevard and Little Road
 Strong demographics and high growth area
 Ample convenient parking for customers and staff
 95% Occupied, 7.5% CAP Rate
 Sale Price: $3,500,000

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pasco
Taxing Authority: Pasco County
Tax ID/APN: 34-26-16-0000-00100-00C1
Zoning: C1 GENERAL COMMERCIAL
Property Located Between: Seven Springs Blvd & Little Road
Property Visibility: Excellent
Largest Nearby Street: Mitchell Boulevard
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2005

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,663 63,391 145,823
Median Age: 40.56 44.06 46.23
Households: 3,780 26,523 63,238
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