Mike Milano, CCIM, and Nick Coccodrilli are pleased to offer for sale Fowler Shopping Plaza, a 27k+ SF strip center along the north side of E Fowler Avenue in Northeast Tampa, just minutes from I-275 to the west, and the University of South Florida to the east. This high-visibility site sees nearly 55,000 vehicles per day, drawing from a dense population base of over 147,000 residents within a 3-mile radius, and an even more impressive 161,500 (approximate) daytime population, making this an exceptionally high traffic location. With access from both E Fowler Avenue and N Elmer Street, the site offers convenient ingress and egress for customers.
The property is 96% leased by a lineup of diverse, long-term, and internet-resilient tenants, including Optical Outlets, Del Valle Mexican Restaurant & Grill, and Blue Flame Restaurant (a highly rated local restaurant that has been at the center since 2021). All leases are triple-netand have annual rent increases, both of which enable reliable and consistent income growth. In 2025 alone, the property received over $614,433 in capital improvements including roof repairs, parking lot coating and striping, complete exterior painting, landscaping enhancements, pylon sign repairs, and other upgrades.
The redevelopment and transformation of the former University Mall to the RITHM project (see pages 18-19), has resulted in substantial gentrification for the immediate area. The ongoing development and expansion of RITHM will continue to drive energy and activity to this section of E Fowler Avenue. Other nearby properties and attractions include USF, Busch Gardens, and the Yuengling Center. The recent substantial site and building improvements, along with the surrounding area’s continued growth with retail, residential, and institutional investment, will result in Fowler Shopping Plaza being ideally positioned to provide a stable, long-term, and growing cash flow, making this a solid investment opportunity.