IJ Net 12807 W Hillsborough Ave
15,033 SF 100% Leased Retail Building Tampa, FL 33635 $3,100,000 ($206/SF) 7.14% Cap Rate
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INVESTMENT HIGHLIGHTS
- High Traffic Counts
- Excellent Demographics
EXECUTIVE SUMMARY
Welcome to IJ NET Plaza, a rare investment opportunity in Tampa's high-growth corridor. Located at 12807 W Hillsborough Ave., this 15,033 SF commercial plaza boasts 100% occupancy, with most tenants on NNN leases and many long term tenants. Positioned in an area known for terrific demographics and high household incomes, IJ NET Plaza benefits from exceptional daily traffic counts and unbeatable visibility. This fully stabilized asset offers investors the chance to own a prime income-generating property with minimal operational expenses. Don’t miss your opportunity to secure this highly desirable, turnkey investment!
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
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Gross Rental Income |
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Other Income |
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Vacancy Loss |
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Effective Gross Income |
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Net Operating Income |
$215,048
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$14.34
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PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
15,033 SF
Building Class
C
Year Built
1985
Price
$3,100,000
Price Per SF
$206
Cap Rate
7.14%
NOI
$221,333
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.68 AC
Zoning
C-G, Tampa - The purpose of this district is to provide for a variety of retail and service uses in free-standing buildings or shopping centers.
Parking
58 Spaces (3.86 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Restaurant
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
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PROPERTY TAXES
Parcel Number | U-19-28-17-06K-000000-00107.0 | Improvements Assessment | $429,373 (2023) |
Land Assessment | $685,627 (2023) | Total Assessment | $1,115,000 (2023) |