1902 N Dale Mabry Hwy
Tampa, FL 33607

Marcus & Millichap is pleased to present Sweet Tomatoes Restaurant, located on North Dale Mabry Highway in Tampa, FL. This property is the perfect opportunity for an investor to purchase a corporate guaranteed true triple-net leased asset in a highly desirable location with below-market rents. The tenant has rents locked in at this site at $27.76 per square foot through 2024 on a corridor where single-tenant rents often land today in the mid $30-$45+ per square foot range. Garden Fresh Restaurant Corporation has approximately four- and one-half years remaining with two 10-year option periods. This property is located on North Dale Mabry Highway, just 300 yards north of its junction with Interstate-275. North Dale Mabry Highway is Tampa's busiest retail and commuter artery and exposes Sweet Tomatoes to over 71,000 vehicles per day. The subject property is highly visible from Interstate-275, which is traveled by over 220,000 vehicles per day. Sweet Tomatoes is an out-parcel to a power center anchored by The Home Depot, Target, Whole Foods and Nordstrom Rack. Additionally, the subject property is located 300 yards from the massive Midtown Tampa Development Project. The 22-acre, $500MM project is currently underway and scheduled to be completed in early 2021. This development project features a new kind of urban experience with 1.8 million square feet of retail residential, three Class A office buildings, entertainment, retail and hospitality. This Sweet Tomatoes provides an investor the exclusive opportunity to own highly coveted real estate with frontage on Tampa's busiest North/South thoroughfare. The immediate area currently features nearly every nationally recognized tenant, and the numerous retail developments that are underway will ensure enhanced positioning of this property and future appreciation and stability of the asset.