0 Gunn HwyTampa, FL 33625

Property Details for 0 Gunn Hwy

Property size (Sq ft)

66,054 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional Tampa Bay investment portfolio offers a diverse mix of 37 units across 66,054 square feet, encompassing retail, multifamily, and flex space. The property boasts 100% occupancy with a strong NOI of $700,000, generating a 7.57% cap rate at an asking price of $9,275,000 ($140.42/sq ft). The tenant base includes a mix of credit-rated tenants, corporate guarantees, and franchisees, including Chase Bank, providing stability and income diversification. Lease structures are a combination of absolute NNN and modified gross leases, minimizing landlord responsibilities for some tenants. Located in Hillsborough County, Florida, on Gunn Hwy, zip code 33625, this stabilized investment benefits from the robust Tampa Bay economy and high demand for commercial and residential space. The portfolio presents significant upside potential through lease adjustments and potential rental rate increases. This is a rare opportunity to acquire a well-positioned, high-performing mixed-use asset in a thriving market. The property's diverse tenant mix and lease structures contribute to a consistent cash flow, making it an attractive investment for those seeking a stable and potentially appreciating asset. The portfolio's location in the dynamic Tampa Bay area offers further growth potential, capitalizing on the region's economic strength and population growth.

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

28.0787

Longitude

-82.5701

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