Property Highlights
- Brand new construction with long-term leases
- Prime retail location along Fowler Ave. which carries over 65,000 cars/day
- Strategic location across from the 4th largest public University in the state, the University of South Florida which has an enrollment of over 50,000 students
- Dense, infill location with high barriers to entry (127,000 residents within 3 miles)
- E-commerce resistant tenant mix with below market rents
- Excellent underlying real estate fundamentals with a dedicated left hand turn lane and excellent visibility
- Fixed 10% rental increases provides inflation hedge
- Expense recoveries are NNN, tenants reimburse for CAM, Taxes, Insurance, Management & Admin Fees
- 51,000 people moved to the Tampa area in 2018 making it the 9th fastest growing MSA in the U.S.
- Florida has no state income tax