Kennedy Boulevard Retail Investment

Retail-Commercial for Sale
Catylist Listing ID: 30756532
Property Subtypes: Free-Standing Building, Restaurant, Street Retail
Building Size (RSF): 5,970 SF
Gross Land Area: 16,622 SF
Sale Price: $2,900,000
Unit Price: $485.76 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Usable Size (USF): 5,970 SF
Sale Terms: Cash to Seller
Cap Rate: 6.4%
Average Occupancy Rate: 100
Last Updated: 9/25/2021

Overview / Comments

Kennedy Boulevard Retail Investment property - 100% leased - established retail location - strong trade area - 1/2 block West of Dale Mabry - 3 tenants plus cell tower ground lease (cell tower owned by SBA - Sprint) - 20+ parking spaced on site - Current tenants include Five Guys, South Tampa Pizza, and Union Studio Salon. Corner location with heavy traffic count - 46,210 (2015 City of Tampa LOS Report). 2 pylon signs.
Building was substantially renovated in 2005/2006. Leases are currently structured NNN.
Rent Roll and expenses available with executed NDA. Please do not disturb tenants.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Taxing Authority: Hillsborough County
Tax ID/APN: 1829213LH000000001511A
Zoning: CG - COMMERCIAL GENERAL
Retail Clientele: General, Business
Property Located Between: Dale Mabry and Lois
Property Visibility: Excellent
Largest Nearby Street: Dale Mabry
Feet of Frontage: 122
Traffic/Vehicle Count: 46,210
Site Description: Corner location - Zone "X" Flood Plain
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1964
Year Renovated: 2005
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Zoning Description: CG - Commercial General
Lot Frontage: 122
Lot Depth: 137
Water Service: Municipal
Sewer Type: Municipal
Easements: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,953 99,403 245,124
Median Age: 41.64 38.59 37.67
Households: 5,527 43,096 102,734
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