38901-38923 County Road 54 - Retail FOR SALE


Zephyrhills, FL 33542- Zephyrhills Area
$6,892,000 USD
941-504-4222
38901-38923 County Road 54, Zephyrhills, FL for Sale
$6,892,000 USD
Retail - FOR SALE
1/12
null | 6.5% Cap Rate

38901-38923 County Road 54
Zephyrhills, FL 33542
Zephyrhills Area


HIGHLIGHTS

  • National Credit Anchor Tenants - Fresh 10 Year Term with Aldi - New 10 Year Lease Signed by Archwell Health, Guaranteed by United Health - WALT of 8+
  • Diverse Tenant Mix - Both National and Local - Grocery, Medical, and service-oriented services - 76% of GLA is Corporately Backed & Guaranteed
  • No Capex Needed - New roofs in 2021 & 2024 - $2m in planned renovations from Aldi
  • High Growth Submarket - 132,000 People with in 15 min. drive - Projected 8.5% annual population growth - Significant residential and commercial
  • Excellent Location - Rapidly growing submarket within the Tampa MSA -Located around other national retailers, such as Walmart, Wawa, & Chick-Fil-A
  • Great Access and frontage on County Road 54

OVERVIEW

This exceptional offering features a stabilized, service-oriented retail center anchored by two national credit tenants—Aldi and Archwell Health—each secured on fresh 10-year leases. With 76% of the gross leasable area corporately backed and guaranteed, and a strong weighted average lease term (WALT), investors can count on long-term, reliable cash flow. No CapEx is required thanks to recent roof replacements (2021 & 2024) and $2 million in upcoming Aldi-funded upgrades, including façade improvements, parking lot enhancements, and lighting updates. Situated in one of Tampa MSA’s fastest-growing submarkets, the property benefits from excellent visibility on County Road 54 and proximity to national retailers like Walmart, Wawa, and Chick-fil-A. The surrounding population of 132,000 within a 15-minute drive is expected to grow by 8.5% annually—fueled by significant residential and commercial expansion. With a diverse tenant mix across grocery, medical, and essential services, this asset offers both immediate stability and long-term upside.

FOR SALE DETAILS

PRICE

$6,892,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oakview Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

312

LAND DETAILS

LAND ACRES

7.32 AC

LAND SF

318,859 SF

ZONING

C-1, County

APN/PARCEL ID

02-26-21-0000-03800-0011

ASK ABOUT THIS PROPERTY

Justin SturdivantFranklin StreetMore Info
941-504-4222

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Justin SturdivantFranklin StreetMore Info
941-504-4222

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