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Sambazis Retail Group

Leaders in Retail Investment Sales

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Busch Blvd. & Overlook Dr.

Temple Terrace (Tampa MSA), FL

Price:
$2,767,000
Cap Rate:
5.25%
NOI:
$145,270
Rentable SQFT:
7,240 SF
Year Built:
2020
Lot Size:
1.08 +/- Acres
Lease Type:
NN
Status:
Under Contract
Investment Highlights
  • 15-Year Corporate Lease, 6% Increases Every 5 Years Beginning in Year 11
  • Investment Grade Credit Tenant (S&P: BBB)
  • Brand New Upgraded Block Construction, Minimal Landlord Responsibilities
  • Serving Over 252,138 Residents in Growing Tampa Suburb
  • Highly Visible to 36,500 Cars/Day Along Major Corridor
  • Centrally Located Between Three Major Interstates (I-75, I-275, and I-4)
  • Across from High-Volume Publix Anchored Shopping Center
  • Down the Street from Busch Gardens Theme Park with 4.18 Million Visitors in 2019 and Currently Open
  • 1.5 Miles to Adventure Island Water Park, the 7th Most Visited Water Park in U.S. with 669,000 Annual Visitors
  • 2.5 Miles to University of South Florida with 51,646 Students and 16,028 Employees
  • Strong Daytime Population, Over 134,089 Employees within 5 Miles
  • Minutes to Hard Rock Hotel & Casino Tampa, One of the Largest Casino’s in the World with $1 Billion in Annual Revenue, Recently Completed $700 Million Renovation
  • Just North of Florida State Fairgrounds with 1.5 Million Annual Visitors
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  • Confidentiality and Disclaimer

    The information contained in the following Marketing Package is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Sambazis Retail Group and should not be made available to any other person or entity without the written consent of Sambazis Retail Group. This Marketing Package has been prepared to provide a summary to prospective purchasers and to establish a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Sambazis Retail Group has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Package has been obtained from sources we believe to be reliable; however, Sambazis Retail Group has not verified, and will not verify, any of the information contained herein, nor has Sambazis Retail Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All prospective buyers must take appropriate measures to verify all of the information set forth herein.

    By accepting the terms of this Disclaimer you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.

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For more information, please contact:

Phil Sambazis

Executive Managing Director

(858) 373-3174

Email & Bio »

Ryan Nee

Broker of Record

License: FL BK3154667