16132 Churchview Dr - Storefront Retail/Office FOR SALE


Lithia, FL 33547
$8,740,000 USD
727-452-6864
16132 Churchview Dr, Lithia, FL for Sale
$8,740,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 7.25% Cap Rate

16132 Churchview Dr
Lithia, FL 33547


HIGHLIGHTS

  • 10 of 18 suites, representing 85% of GLA, operate under NNN leases
  • Park Square serves as the primary retail, medical, and service hub for FishHawk Ranch, a 3,000-plus acre master-planned community in Lithia, FL
  • FishHawk Ranch’s population has grown by over 700% since its founding in the late 1990s
  • Anytime Fitness, the world’s largest fitness franchise with over 5,800 locations across 50 countries
  • 10,589 population within a 1-mile radius
  • $186,516 average household income within a 3-mile radius

OVERVIEW

RIPCO Real Estate is pleased to offer for sale Park Square at FishHawk Ranch, a ±34,002 SF, two-story mixed-use retail and medical/service center positioned at the heart of FishHawk Ranch, one of the most established and highly amenitized master-planned communities in the Tampa Bay MSA. Located at 16132-16144 Churchview Drive in Lithia, Florida, the property is 100% occupied across 16 tenants representing a diverse, service-oriented mix of fitness, healthcare, food & beverage, children’s education, personal care, and professional services. The center functions as the de facto town square for FishHawk Ranch, a 3,000-plus acre community that has experienced extraordinary population growth (over 700%) since its founding in the late 1990s, and which today is home to more than 26,000 residents with an average household income above $183,000. Park Square occupies a unique and effectively irreplaceable position within the FishHawk submarket as the primary walkable retail and office destination serving a captive, affluent residential base with limited competing retail options within the community’s footprint. The property fronts Churchview Drive within the FishHawk Ranch town center and benefits from strong co-tenancy with a Publix-anchored grocery center and a full complement of national retailers along the Fishhawk Crossing corridor. This asset represents a compelling acquisition opportunity for investors seeking a stabilized, multi-tenant income stream anchored by healthcare and fitness uses, located within one of Hillsborough County’s most supply-constrained and demographically exceptional residential communities, with no Florida state income tax.

FOR SALE DETAILS

PRICE

$8,740,000 USD

PRICE/SF

$499 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Square at FishHawk Ranch

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

156

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

PD

APN/PARCEL ID

U-28-30-21-71H-000000-B0000.0

ASK ABOUT THIS PROPERTY

Ari RaviRIPCO Real EstateMore Info
727-452-6864

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

Ari RaviRIPCO Real EstateMore Info
727-452-6864

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