8512 Florida Ave, Tampa, FL 33604
4,000 SF | Retail Building | Tampa, FL 33604 | $1,600,000 ($400/SF) | 6.75% Cap Rate
For Sale
Active
Asking Price $1,600,000
- Property Type
-
Retail
- Square Feet
- 4,000 SF
- Price / Square Foot
- $400
Listing Contacts
Marc Merchant
Matt Kramer
Kyle Gulock
Property Overview
Mike's Auto Glass | 15 Year Sale-Leaseback | Newly Renovated Building
This property features an absolute NNN lease with zero landlord responsibilities, providing a hassle-free investment opportunity. The lease is set for 15 years with a 10% rent increase every 5 years, along with two 5-year renewal options. The building was newly renovated in 2024, ensuring modern amenities and infrastructure. The tenant is a strong regional entity with an impressive growth trajectory, including 17 new locations in the pipeline.
This property features an absolute NNN lease with zero landlord responsibilities, providing a hassle-free investment opportunity. The lease is set for 15 years with a 10% rent increase every 5 years, along with two 5-year renewal options. The building was newly renovated in 2024, ensuring modern amenities and infrastructure. The tenant is a strong regional entity with an impressive growth trajectory, including 17 new locations in the pipeline.
Property Details
- Class
- B
- Year Built
- 1974
- Stories
- 1
- Property Subtype
- Vehicle Related
- Lot Size (sq. ft)
- 11,326 SF
Highlights
- Absolute NNN lease with zero landlord responsibilities; 15-year lease with 10% rent increase every 5 years; two 5-year options.
- Building newly renovated in 2024; Strong regional tenant with 17 new locations in the pipeline; Situated along N Florida Avenue with 29,122 VPD.
- Directly across from the Home Depot anchored shopping center – 6th busiest location in Florida (source: Placer.ai).
- Strong National Tenant Presence: Walmart, Home Depot, Bealls Outlet, Save-A-Lot, Planet Fitness, and American Freight.
- Dense and expanding population: 339,732 residents and 136,620. households within a 5-mile radius of the property.
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