For Sale
$10,024,924

6920 Dale Mabry Hwy Tampa, FL 33614

High-yield NNN medical building, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a 21,484-square-foot, single-story medical facility located at 6920 N Dale Mabry Hwy, Tampa, FL 33614. The property, situated on a 2.06-acre lot (APN: U-28-28-18-16E-E00000-00005.4), boasts a strong 6.00% cap rate and a Net Operating Income (NOI) of $601,495. Built in 1986 and extensively renovated in 2024, the building is currently 100% occupied under a triple-net (NNN) lease with a creditworthy tenant, The Performance Lab, for a 10-year term, including three 5-year options. The lease includes a 10% rent increase every five years. The tenant has committed to over $4 million in build-out improvements, further enhancing the property's value. Landlord responsibilities are limited to roof and structure maintenance. The property benefits from a prime location on Tampa's largest retail corridor, North Dale Mabry Highway, experiencing an average daily traffic count of 64,000 vehicles. Its proximity to Interstate 275 (165,000 vehicles daily) ensures excellent accessibility. The surrounding area demonstrates strong demographics, with a 3-mile radius encompassing a population of 108,710 and an average household income of $105,390. The asking price is $10,024,924 ($466.62/sq ft). The property is zoned Commercial General (CG) by the City of Tampa. Significant recent capital improvements include a new roof and HVAC units, along with code upgrades. This presents a stable, high-return investment with minimal landlord responsibilities.

Highlights

  • 21,484 SF single-story medical facility on a 2.06-acre lot in Tampa, FL.
  • Triple-net (NNN) lease with a creditworthy tenant for a 10-year term, including three 5-year options, with a 10% rent increase every five years.
  • Tenant responsible for all operating expenses except roof and structure maintenance; tenant committed to over $4 million in build-out improvements.
  • Strong location on Tampa's largest retail corridor (North Dale Mabry Hwy), with 64,000 average daily traffic count, and proximity to I-275 (165,000 ADT).
  • Desirable demographics: 108,710 population and $105,390 average household income within a 3-mile radius.

Property Details for 6920 Dale Mabry Hwy

Property type
Specialty properties, Medical space
Square Feet
21,484 SF
Year Built/Renovated
1986/2024
Buildings
1
Stories
1
Lot Size (sq. ft)
89,734 SF

Location Insight

City
Tampa
County
Hillsborough
State
Florida
Latitude
28.0119747
Longitude
-82.5055153

FAQs

What type of property is this?
Specialty property - High-yield NNN medical building, 100% occupied.
Where is the specialty property located?
The property is located at 6920 Dale Mabry Hwy Tampa, FL.
What is the asking price?
The asking price for this property is $10,024,924.
What are key features of this property?
This property features: 21,484 SF single-story medical facility on a 2.06-acre lot in Tampa, FL.; Triple-net (NNN) lease with a creditworthy tenant for a 10-year term, including three 5-year options, with a 10% rent increase every five years.; Tenant responsible for all operating expenses except roof and structure maintenance; tenant committed to over $4 million in build-out improvements.
How can I contact the broker?
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6920 Dale Mabry Hwy
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