For Sale
$15,120,154

3311 Lithia Pinecrest RdValrico, FL 33596

Grocery-anchored retail center, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a three-tenant, 53,644-square-foot retail center located at 3311 Lithia Pinecrest Rd, Valrico, FL 33596, in Hillsborough County. The property boasts a strong tenant lineup anchored by Sprouts Farmers Market and PetSmart, complemented by Orange Theory Fitness. Built in 2007, this center sits on a 4.71-acre lot (APN: U-06-30-21-ZZZ-000004-27840.0) and benefits from a triple-net (NNN) lease structure, minimizing landlord responsibilities. The asking price is $15,120,154, representing a price per square foot of $281.86 and a compelling 6.50% cap rate with a Net Operating Income (NOI) of $982,819. The property enjoys a premium location within a major retail corridor, proximate to other significant retailers including Walmart, Publix, Chick-fil-A, and Starbucks. Its strategic placement near a large healthcare campus and a new residential community further enhances its appeal. The surrounding area exhibits robust demographics, with over 171,001 people within a five-mile radius and an average household income exceeding $116,000. All tenants are national chains with established track records and renewal options featuring scheduled rent increases, providing investors with a stable and predictable income stream. This grocery-anchored center offers a compelling combination of strong tenants, favorable lease terms, and a desirable location within a thriving market.

Highlights

  • High-traffic retail corridor location anchored by Walmart, Publix, Chick-fil-A, and Starbucks, adjacent to a major healthcare campus.
  • Triple-net (NNN) leased property with national credit tenants, offering passive investment opportunity and built-in rent increases.
  • Densely populated trade area with over 171,001 residents within a five-mile radius and average household income exceeding $116,000.
  • Grocery-anchored center featuring Sprouts, situated near residential communities, schools, and businesses.

Property Details for 3311 Lithia Pinecrest Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
53,644 SF
Year Built
2007
Lot Size (sq. ft)
205,168 SF
Units
3

Location Insight

City
Valrico
County
Hillsborough
State
Florida
Latitude
27.895764571325
Longitude
-82.243757543164
3311 Lithia Pinecrest Rd, Valrico, Florida

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3311 Lithia Pinecrest Rd
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