13,000 SQ. FT. NNN SHOPPING PLAZA * 100% OCCUPIED - 21326 > Retail / Strip Center

6/19/2014

• 
• Address: location not disclosed , Tampa Florida 33647

  Lister: Gulya Zhakupova
  • Listing ID: CL-Florida-30858
    Listing Status: Accepting Offers
    Auction: No
    
  Net Lease Investment: Yes
  Financing: No Financing Available
  Buisness Available for Sale? No
  Property On Ground Leased: No
  Property Status: Normal Sale
  Bldg Status: Existing
  
  Year: 0	Bldg: 13000 sqft.
  Stories: 1	Lot: 0 sqft.
  Units: 1	Furnished: No
  Occupied: Yes	Occupancy: 100%
  ACTIVE_INVESTMENT_PROPERTY False
  
  54000.00
  0
  HEATING_AND_COOLINGED
  NOT_SPECIFIED
  NOT_SPECIFIED
  ACRE
  NOT_SPECIFIED
  
  
  
  
  
  
  
  Description: THIS SHOPPING CENTER WAS CONSTRUCTED IN 2006. THE PROPERTY HAS A TRIPLE NET LEASE WHICH COMMENCED AT THE END 2006 AND TERMINATES IN 2017. THERE ARE TWO FIVE YEAR OPTION PERIODS, WITH RENTAL INCREASES BEETWEEN THEM. THE SUBJECT PROPERTY IS A 13, 000 SQ. FT BUILDING AND 54,000 SQ FT LAND. LEASED TO NATIONAL TENANTS: THE MEN’S WEARHOUSE, CASUAL MALE RETAIL AND VITAMIN SHOPPE. EXISTING LOAN $3,500,000 COULD BE ASSUMED 10 YEAR NNN LEASE, EXPIRING IN 2017+2 FIVE YEAR OPTIONS BUILDING HAS BENEFICAL LEASE TERMS WITH INCREASES AT OPTIONS AND ENDING 2027 WHEN THE LEASE COULD BE RENEGOTIATED AT HIGHER RATE PROVIDING HIGHER IRR ON THIS INVESTMENT. THIS PROPERTY IS AN OUTPARCEL TO THE WESTFIELD CITRUS PARK MALL WITH OVER 150 STORES AND ANCHORED BY DILLARD’S, MACY’S, JCPENNEY, DICK’S SPORTING GOODS AND SEARS AND ACROSS THE STREET FROM THE PLAZA OF CITRUS PARK ANCHORED BY SPORT AUTHORITY, BESTBUY, PETSMART, ROSS, BED BATH & BEYOND, STAPLES AND JO-ANN FABRICS. (Br. # 21326)