HIGHLIGHTS
- 6.5 Years remaining on an Absolute NNN lease with two 5-year options to extend. Initial term and option periods include +2% annual rental increases
- The lease is corporately guaranteed by Cresco Labs, Inc., one of the largest multistate cannabis operators in the United States with over 30 locations
- Long-term Absolute NNN lease provides an attractive, management-free investment located in a state with no state income tax
- The asset is located on the westside of N Dale Mabry Hwy in Tampa, FL, the largest retail corridor in Tampa, with an AADT of 57,500
- The property is an outparcel to a power center anchored by Home Depot, Nordstrom Rack, HomeGoods, and Target, driving additional traffic to the area
- Close proximity to popular destinations such as Tampa International Airport, International Plaza, Westshore Plaza, and Midtown Tampa
FOR SALE DETAILS
PRICE
$6,822,000 USD
PRICE/SF
$769 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Sunnyside
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1968
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.18 AC
LAND SF
51,401 SF
ZONING
CI
APN/PARCEL ID
A-16-29-18-ZZZ-000005-48060.0
ASK ABOUT THIS PROPERTY
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727-452-6864
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