12901 N Dale Mabry Hwy - Freestanding FOR SALE


Tampa, FL 33618- Carrollwood
$24,550,000 USD
404-441-3849
12901 N Dale Mabry Hwy, Tampa, FL for Sale
$24,550,000 USD
Freestanding - FOR SALE
1/9
null | 5.35% Cap Rate

12901 N Dale Mabry Hwy
Tampa, FL 33618
Carrollwood


HIGHLIGHTS

  • Recently-Extended NNN Ground Lease with Renewal Options
  • Top 22% of Lowe's stores nationwide and the top 27% throughout Florida (Placer.ai)
  • Along North Dale Mabry Highway (67,500 VPD), feet from signalized intersection with West Fletcher Ave (19,400 VPD)
  • Anchor to the 197,181 SF Mission Bell Shopping Center (Chipotle, Jimmy John's, Aspen Dental, PNC Bank, DryBar, Pure Barre, Pei Wei Asian Kitchen, etc)
  • Affluent Demographics with Built-In Customer Base
  • 8.4 Miles from Downtown Tampa | MSA Population: 3.36M+

OVERVIEW

CBRE is pleased to exclusively offer for sale the 167,000-square-foot Lowe’s Home Improvement ground lease situated on 16.75 acres in Tampa, Florida (MSA Population: 3.36M+). Originally set to expire in 2025, Lowe’s agreed to extend the lease through 2043 and features ±18.4 years of term remaining with eight, 5-year renewal options and 5% rent increases in each renewal option. Located just 8.4 miles from Downtown Tampa, Lowe’s is positioned with excellent access and visibility along North Dale Mabry Highway (67,500 VPD), feet from its signalized intersection with West Fletcher Avenue (19,400 VPD) and South Village Drive. The site is roughly 3 miles west of the on-ramp to Interstate 275 (136,500 VPD)—an auxiliary Interstate Highway serving the Tampa Bay area.

FOR SALE DETAILS

PRICE

$24,550,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lowe's Home Improvement

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

543

LAND DETAILS

LAND ACRES

16.75 AC

LAND SF

729,630 SF

ZONING

-

APN/PARCEL ID

U-09-28-18-97X-000000-00001.0

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

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