For Sale
$1,120,000

4121 Henderson BlvdTampa, FL 33629

High-Yield, Multi-Tenant Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional South Tampa storefront, located at 4121 Henderson Blvd, offers a compelling value-add opportunity. The 2,292 square foot property boasts 100% occupancy with two tenants on month-to-month leases, presenting immediate upside potential through lease renewals at market rates or attracting new tenants. The property sits on 0.16 acres and benefits from 50 feet of frontage along Henderson Blvd, a major thoroughfare connecting Tampa's central business district to affluent South Tampa neighborhoods. The General Commercial (CG) zoning allows for a wide range of uses. Strong demographics support the investment, with a 5-mile population of 192,421 and an average household income of $142,475. Nearby amenities include highly-rated schools (Plant High School, Dale Mabry Elementary, etc.), and major retailers such as Publix, Sprouts, and Fresh Market. The property's current pro-forma NOI is $67,222, yielding a 6.00% cap rate, and is offered at an asking price of $1,120,000. This represents a rare opportunity to acquire a well-located, multi-tenant retail property in a high-demand area with significant upside potential. The property's address is 4121 Henderson Blvd, Tampa, FL 33629. The Hillsborough County APN is A-28-29-18-3RG-000000-00006.0.

Highlights

  • 100% occupancy with two tenants.
  • Month-to-month leases offer flexibility.
  • Strong demographics: 192,421 population within 5 miles, $142,475 average household income.
  • High barrier to entry in a densely populated Tampa Bay submarket.
  • 50 feet of frontage on Henderson Blvd, connecting downtown Tampa and Kennedy Blvd to affluent South Tampa neighborhoods.
  • Near highly-rated schools: St. Mary's Day School, Dale Mabry Elementary, Grady Elementary, Coleman Middle, and Plant High School (Hillsborough County's #1 ranked public high school).

Property Details for 4121 Henderson Blvd

Property type
Retail properties, Retail space
Square Feet
2,292 SF
Units
2

Location Insight

City
Tampa
County
Hillsborough
State
Florida
Latitude
27.927614
Longitude
-82.5133739
4121 Henderson Blvd, Tampa, Florida

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4121 Henderson Blvd
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