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Investment Highlights

  • Stabilized NNN opportunity with minimal landlord responsibilities
  • Established tenants with strong guarantees
  • Trophy location on highly traveled retail corridor with strong demographics
  • Fully renovated site with new roof, parking, and facade

Executive Summary

South Cedar Real Estate is pleased to present the sale of a newly repositioned NNN retail asset located at 418 N. Dale Mabry Highway in Tampa, Florida. This property has recently undergone a comprehensive exterior and site transformation, creating a modernized retail investment positioned for long-term performance along one of Tampa’s most heavily traveled corridors, benefiting from traffic counts exceeding 46,000 vehicles per day. Recent capital improvements include a complete façade renovation, new roof installation, stucco restoration, new awnings, upgraded landscaping, an updated monument sign with LED lighting, and the repaving of both parking lots. Additional site enhancements include the creation of new parking spaces within the right-of-way and the installation of a concrete slab over the existing retention pond, significantly improving the functionality and usability of the property. The asset is currently occupied by two tenants, Divers Direct and Encore Imaging, both operating under NNN lease structures that provide stable in-place income with minimal landlord responsibilities. The recent renovations and tenant occupancy position the property as a stabilized, low-management investment opportunity within a highly visible and well-trafficked retail corridor. Strategically located along North Dale Mabry Highway, the property benefits from exceptional accessibility, strong surrounding demographics, and proximity to a dense concentration of retail, dining, and residential development. This offering presents investors with the opportunity to acquire a fully repositioned retail asset in one of Tampa’s most established commercial corridors, with continued long-term upside and durable tenant demand.

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,000 SF
Building Class
B
Year Built/Renovated
1987/2025
Price
$9,221,256 CAD
Price Per SF
$709.33 CAD
Cap Rate
5.95%
NOI
$548,665 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
0.82 AC
Zoning
PD
Parking
36 Spaces (2.77 Spaces per 1,000 SF Leased)
Frontage
106’ on Dale Mabry Hwy

Amenities

  • 24 Hour Access
  • Corner Lot
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Air Conditioning

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Divers Direct was founded in 1984 in Key Largo as Divers Outlet. Many of you may have visited our original super store in Key Largo at Mile Marker 106. We now have 6 additional stores in Florida, our catalog, and web site. We are now known as Divers Direct. The location serves as the Flagship Store for us and is home to World Watersports, a Divers Direct Pro Shop, our Mail Order Business, and our Corporate Offices.

  • Encore Imaging
  • Health Care and Social Assistance
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum Jan 0000
Encore Imaging Health Care and Social Assistance 99,999 SF - Lorem Ipsum -
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100

Nearby Major Retailers

First Citizens Bank
Village Inn
Carrabba’s Italian Grill
Redlands Grill
Walk-On's
The Bistro
Brick House Tavern + Tap
Duffy's Sports Grill
Seacoast Bank
Pei Wei

Property Taxes

Property Taxes

Parcel Number
A-21-29-18-3LG-000020-00007.0
Land Assessment
$140 CAD
Improvements Assessment
$4,304,510 CAD
Total Assessment
$4,304,650 CAD
  • Listing ID: 40885835

  • Date on Market: 2026-06-11

  • Last Updated:

  • Address: 418 N Dale Mabry Hwy, Tampa, FL 33609

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