Property Highlights
- Irreplaceable location at the main signalized entrance to the 500,000 SF Tampa Premium Outlets, Costco, and Cypress Creek Town Center
- Super-Regional trade area with convenient access to I-75 and I-275
- Best in class, E-Commerce resistant tenant mix
- Brand new, class A construction with 10-year roof warranty
- 10-year leases with renewal options and 10% fixed rental increases
- Tenants reimburse for CAM, taxes, insurance and administration fees
- Affluent trade area with 4% annual population growth
- Purchase price is fully depreciable (land is on a 99-year ground lease) boosting after-tax returns
- Ground lessee benefits from a Right of First Refusal should the ground lesser decide to sell the fee interest in the land
- Florida is a tax-free state