116 E Fletcher Ave - Freestanding FOR SALE


Tampa, FL 33612- Lake Magdalene
$9,999,000 USD
954-302-7365
116 E Fletcher Ave, Tampa, FL for Sale
$9,999,000 USD
Freestanding - FOR SALE
1/10
null | 7.75% Cap Rate

116 E Fletcher Ave
Tampa, FL 33612
Lake Magdalene


HIGHLIGHTS

  • Corporate Guaranteed Lease | 2% Annual Increases | Options to Extend | 5 Years of Firm Term Remaining
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | Strong National/Credit Tenants
  • Signalized, Hard Corner Intersection | Interstate 275 (169,000 VPD) | University of South Florida (48,000+ Students)
  • Strong Demographics In 5-mile Trade Area | Nearby Apartments

OVERVIEW

• The lease is guaranteed by SW Holdings I, LLC • 5 years remaining with 2 (5-year) option periods to extend • The Lease features 2% annual rental increases throughout the intimal term and option periods, steadily growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$9,999,000 USD

PRICE/SF

$159 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shooter's World - Tampa FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

4.59 AC

LAND SF

199,940 SF

ZONING

CG

APN/PARCEL ID

U-01-28-18-0TD-000010-00006.4

ASK ABOUT THIS PROPERTY

Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.