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Sunnyside 1902 N Dale Mabry Hwy 8,460 SF Retail Building Tampa, FL 33607 $9,281,399 CAD ($1,097.09 CAD/SF) 7% Cap Rate
Investment Highlights
- 6.5 Years remaining on an Absolute NNN lease with two 5-year options to extend. Initial term and option periods include +2% annual rental increases
- Long-term Absolute NNN lease provides an attractive, management-free investment located in a state with no state income tax
- The property is an outparcel to a power center anchored by Home Depot, Nordstrom Rack, HomeGoods, and Target, driving additional traffic to the area
- The lease is corporately guaranteed by Cresco Labs, Inc., one of the largest multistate cannabis operators in the United States with over 30 locations
- The asset is located on the westside of N Dale Mabry Hwy in Tampa, FL, the largest retail corridor in Tampa, with an AADT of 57,500
- Close proximity to popular destinations such as Tampa International Airport, International Plaza, Westshore Plaza, and Midtown Tampa
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,460 SF
Building Class
B
Year Built
1968
Price
$9,281,399 CAD
Price Per SF
$1,097.09 CAD
Cap Rate
7%
NOI
$649,703 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.18 AC
Zoning
CI
Frontage
133’ on Dale Mabry
Amenities
- Pylon Sign
- Signage
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
The Bistro
Property Taxes
| Parcel Number | A-16-29-18-ZZZ-000005-48060.0 | Improvements Assessment | $5,126,445 CAD |
| Land Assessment | $138 CAD | Total Assessment | $5,126,583 CAD |
Property Taxes
Parcel Number
A-16-29-18-ZZZ-000005-48060.0
Land Assessment
$138 CAD
Improvements Assessment
$5,126,445 CAD
Total Assessment
$5,126,583 CAD
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Sunnyside | 1902 N Dale Mabry Hwy
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