2920 Busch BlvdTampa, FL 33612

Property Details for 2920 Busch Blvd

Year built

2018

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.92 AC

Property size (Sq ft)

8,708 SF

Zone code

CG

Property type

Retail properties

Property subtype

Strip malls

APN

A202819461000000000090

APU

A202819461000000000090

Description

This Tampa, Florida shopping center presents a compelling investment opportunity. Located at 2920 E Busch Blvd, this 8,120 square foot, fee-simple property boasts a 100% occupancy rate with four established tenants: Trulieve, Go to Brazil's Waxing, Fantasy Liquor, and Cricket Wireless. Built in 2018, the center benefits from a triple-net (NNN) lease structure, minimizing landlord responsibilities and ensuring stable returns. The property sits on a 43,221 square foot lot and enjoys a prime location directly across from Busch Gardens, attracting over 4 million annual visitors, and less than a mile from the University of South Florida (USF), serving 60,000 students. This high-traffic area sees over 100,000 vehicles daily, creating a diverse consumer base for the tenants. The property's strong tenant mix, combined with a Net Operating Income (NOI) of $264,779 and a 6.50% cap rate, makes it an exceptional stabilized investment. Rent bumps are included in the lease agreements. The permitted zoning is CG. The net rentable square footage is 7,993 square feet. The asking price is $4,073,553.

• CAP approach

  CAP return

  Valuation

  6%

  $2,584,292

  6.5%

  $2,385,500

  7%

  $2,215,108

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,007,662

  Geo Method

  $4,007,662

• Alternative Use

  Use

  Valuation

  Residential

  $2,012,259

  Hospitality

  $1,843,218

  Educational

  $1,533,536

  Medical

  $1,586,277

  Retail

  $2,385,500

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

28.0329

Longitude

-82.4269

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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