Leasehold Amscot - Tampa, FL 102 W Fletcher Ave
2,500 SF Retail Building Tampa, FL 33612 $620,000 ($248/SF) 9.99% Cap Rate
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INVESTMENT HIGHLIGHTS
- Leasehold investment opportunity with Amscot Financial as the tenant.
- Strong Tampa location / income tax-free state.
- High return and ability for full depreciation due to the leasehold nature of the investment.
- Long-term ground lease position - nearly 70-years including option periods.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer 160 West Fletcher Avenue in Tampa, FL, for sale with Amscot Financial. This deal includes a leasehold investment opportunity with Amscot Financial as the tenant, providing high returns and the potential for full depreciation due to the leasehold nature of the investment, ensuring a secured investment. With Amscot’s high return and ability for full depreciation due to the leasehold nature of the investment, this leasehold investment opportunity presents a premier acquisition opportunity. 160 W Fletcher Avenue is in a strong Tampa location, with the state being income tax-free. This long-term ground lease position is nearly 70 years, including option periods. The property is an outparcel to a major shopping center anchored by Harbor Freight and Save-A-Lot with 52K monthly visitors (per Placer.Ai) on a primary retail arterial in the trade area with nearly 299,000 residents within 5-miles. It is a high-traffic location adjacent to Interstate 275, which sees 136K vehicles per day (VPD, per FDOT). There has been a long-term operating history at this location since 2005. It is a retail destination with other neighboring tenants, including Winn Dixie, Save-A-Lot, and Family Dollar. The subject is near the University of South Florida, with over 50K students enrolled.
This opportunity is below market rent, presenting immense future upside.
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
This opportunity is below market rent, presenting immense future upside.
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
C
Year Built
2005
Price
$620,000
Price Per SF
$248
Cap Rate
9.99%
NOI
$61,951
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.45 AC
Zoning
CG
Parking
26 Spaces (7.94 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Amscot
- Retailer
- 2,500 SF
- -
- Triple Net
- Mar 2030
TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
Amscot | Retailer | 2,500 SF | - | Triple Net | Mar 2030 |
NEARBY MAJOR RETAILERS
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PROPERTY TAXES
Parcel Number | U-12-28-18-0TD-000003-00004.0 | Improvements Assessment | $4,069,905 |
Land Assessment | $3,660,695 | Total Assessment | $7,730,600 |