7123 N Armenia Ave
Tampa, FL 33604
Northwest Tampa Strip Center | 100% Occupied · Commerce de détail Propriété À vendre

Northwest Tampa Strip Center presents a fully occupied neighborhood retail investment in a high-demand corridor of Tampa, Florida. This three-tenant property is secured by NNN leases, minimizing landlord responsibilities to roof, structure, and plumbing only. The asset generates an annual base rent of $53,136 with built-in 3% annual increases for two tenants, providing stable income and predictable growth.
Strategically located on N Armenia Avenue, the property benefits from strong traffic counts of approximately 20,500 vehicles per day and excellent visibility within a dense residential and commercial trade area. The surrounding 3-mile radius boasts a population exceeding 126,500 residents with an average household income of $77,630, supporting long-term retail demand.
This offering provides investors with immediate cash flow and significant upside potential. Current rents at $18 per square foot are below market, creating a value-add opportunity upon lease rollover. With a competitive price point of $736,000 and a 6.27% cap rate, this property is an attractive option for investors seeking a stable, income-producing asset in one of Tampa’s most established submarkets.