709 N Park Rd - Retail FOR SALE


Plant City, FL 33563
$1,605,000 USD
727-452-6864
709 N Park Rd, Plant City, FL for Sale
$1,605,000 USD
Retail - FOR SALE
1/4
null | 7.75% Cap Rate

709 N Park Rd
Plant City, FL 33563


HIGHLIGHTS

  • The retail suites are all leased on a NNN basis, with tenants reimbursing CAM, taxes, and insurance, reducing the Landlord’s expense exposure
  • All retail leases include annual rental increases of 3%-5%, adding built-in income growth and providing a hedge against inflation
  • Suite 3 (2,893 SF, roughly 23% of GLA) is vacant, offering direct lease-up to stabilized occupancy
  • Roof was replaced in 2020, reducing the likelihood of major capital expenses for a new owner
  • All four retail suites are needs-based service and experiential uses, from salon and fitness to nutrition and event rentals
  • Each suite is leased to a locally owned, owner-operated business rooted in the Plant City community

OVERVIEW

RIPCO Real Estate is pleased to offer for sale 709 N Park Road, a ±12,727 square foot, single-story multi-tenant retail center along Park Road in Plant City, in eastern Hillsborough County within the Tampa MSA. The center is 77% leased to six tenants: a mix of local retail and service businesses on NNN leases, plus wireless carrier Verizon and tower operator American Tower (NYSE: AMT). The retail leases reimburse CAM, taxes, and insurance under personal guaranties, and a single vacant suite gives a new owner immediate lease-up to 100% occupancy. The retail roster is occupied by needs-based, service-oriented users, including salon, fitness, nutrition, and event-rental operators that draw repeat local traffic and are largely insulated from e-commerce. Plant City anchors the growing corridor between Tampa and Orlando, minutes from Interstate 4 and along the Park Road corridor that BayCare chose for its new $326 million South Florida Baptist Hospital, which opened in 2024. Plant City is among HIllsborough County’s fastest growing submarkets, with population up 13% since 2020 and projected to nearly double by 2050. The asset offers an investor durable in-place income, with a clear path to additional value through lease-up of the vacant suite.

FOR SALE DETAILS

PRICE

$1,605,000 USD

PRICE/SF

$126 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

C-1A

APN/PARCEL ID

203897-0000

ASK ABOUT THIS PROPERTY

Ari RaviRIPCO Real EstateMore Info
727-452-6864

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Ari RaviRIPCO Real EstateMore Info
727-452-6864

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