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1108 W Kennedy Blvd 3,213 SF 100% Leased Retail Building Tampa, FL 33606 $2,722,044 CAD ($847.20 CAD/SF) 6.59% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Kennedy Blvd frontage with 35,000 VPD
- Surrounded by Tampa’s most affluent neighborhoods
- Projected NOI increase of $50,000 within 18 months
- Short-term lease offers immediate repositioning potential
- Across from University of Tampa and near Midtown Tampa
EXECUTIVE SUMMARY
1108 W Kennedy Blvd offers a prime investment opportunity in one of Tampa’s most coveted commercial corridors. This 3,213 SF concrete block building sits on a 0.19-acre site along Kennedy Boulevard, a major east-west artery with 35,000 vehicles per day, connecting Downtown Tampa, the University of Tampa, and the Westshore Business District. The property is fully occupied by DC Society Ink under a short-term gross lease with less than 18 months remaining, providing flexibility for an owner-user or investor to capitalize on immediate upside through rent adjustments or repositioning.
The current lease is significantly below market, creating a clear path to NOI growth of approximately $50,000 within 18 months. Pro forma projections assume renewal at $40 PSF plus NNN, boosting NOI to $128,520 and delivering a 6.6% cap rate. With strong demographics—192,000 residents within five miles and an average household income of $142,475—the location is surrounded by affluent neighborhoods such as Hyde Park, Palma Ceia, and Davis Islands. Nearby national retailers include Publix, Sprouts, LA Fitness, and Target, ensuring consistent consumer traffic.
Positioned across from the University of Tampa and minutes from Midtown Tampa’s billion-dollar mixed-use development, this property benefits from high barriers to entry and sustained demand in a dense, vibrant trade area. Florida’s pro-business climate, including no state income tax, further enhances investment appeal. Whether you seek a strategic owner-user location or a value-add retail investment, 1108 W Kennedy Blvd delivers exceptional visibility, strong fundamentals, and long-term growth potential.
The current lease is significantly below market, creating a clear path to NOI growth of approximately $50,000 within 18 months. Pro forma projections assume renewal at $40 PSF plus NNN, boosting NOI to $128,520 and delivering a 6.6% cap rate. With strong demographics—192,000 residents within five miles and an average household income of $142,475—the location is surrounded by affluent neighborhoods such as Hyde Park, Palma Ceia, and Davis Islands. Nearby national retailers include Publix, Sprouts, LA Fitness, and Target, ensuring consistent consumer traffic.
Positioned across from the University of Tampa and minutes from Midtown Tampa’s billion-dollar mixed-use development, this property benefits from high barriers to entry and sustained demand in a dense, vibrant trade area. Florida’s pro-business climate, including no state income tax, further enhances investment appeal. Whether you seek a strategic owner-user location or a value-add retail investment, 1108 W Kennedy Blvd delivers exceptional visibility, strong fundamentals, and long-term growth potential.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,213 SF
Building Class
C
Year Built
1950
Price
$2,722,044 CAD
Price Per SF
$847.20 CAD
Cap Rate
6.59%
NOI
$179,404 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.29 AC
Zoning
CG - General Commercial
Frontage
AMENITIES
- Signage
- Air Conditioning
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
PROPERTY TAXES
| Parcel Number | A-23-29-18-4SU-000006-00013.1 | Improvements Assessment | $487,529 CAD |
| Land Assessment | $647,535 CAD | Total Assessment | $1,135,064 CAD |
PROPERTY TAXES
Parcel Number
A-23-29-18-4SU-000006-00013.1
Land Assessment
$647,535 CAD
Improvements Assessment
$487,529 CAD
Total Assessment
$1,135,064 CAD
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1108 W Kennedy Blvd
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