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Alderman Plaza – Palm Harbor, FL

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Alderman Plaza – Palm Harbor, FL

Corner of US 19 and Alderman Road

Palm Harbor, FL 34684

Price:
$27,250,000
Cap Rate:
6.84%
NOI:
$1,864,874*
Rentable SQFT:
93,487 SF
Year Built:
1986 / 2007
Lot Size:
9.92 Acres
Type of Ownership:
Fee Simple
Status:
Available

Investment Highlights

The NNN Fitness group of Marcus & Millichap is pleased to present this rare opportunity to purchase the Alderman Plaza shopping center with an LA Fitness anchor located in the Tampa, FL submarket of Palm Harbor. The offering is a 93,487-square-foot facility positioned just 24 miles Northwest of Downtown Tampa at the dominant intersection of US Highway 19 and Alderman Road with over 89,295+ combined traffic counts.

This property is 96.50% occupied with excellent visibility with pylon signage available on a hard, signalized corner. There are five access driveways with plenty of parking, and the excellent tenant mix brings a variety of different types of consumers to the area. An outparcel in an up-and-coming market is also included that has a two-lane drive through and its own dedicated signage.

Located within a dominant retail corridor, Alderman Plaza is near to many national retailers, including Publix, Walmart, LongHorn Steakhouse, O’Reilly Auto Parts, Ace Hardware, Jimmy Johns, Carabba’s Italian Grill, McDonalds, Walgreens, Pizza Hut, Stein Mart, Vitamin Shoppe, and Subway. Most commonly referred to as the “Tampa Bay Area”, the metropolis is the second largest metropolitan statistical area in the state composed of 2.9 million residents. Its port and international airport make it a popular and easily accessible destination in Florida. Tampa is located 18.7 miles from Saint Petersburg and 77 miles from Orlando.

 

All property showings are by appointment only. Please consult Mark Thiel of Marcus & Millichap for more details.

 

*Forecasted NOI for the year ending Dec 2020.

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  • Confidentiality and Disclaimer

    The information contained on this website is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from NNN Fitness and distribution to any other person or entity without the express written consent of NNN Fitness is strictly prohibited. This website provides summary, unverified information to prospective purchasers, and has been prepared to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. NNN Fitness has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. NNN Fitness has not made any investigation, and makes no representation or warranty, that the information on this website has not changed since it was originally prepared and posted. The information contained on this website has been obtained from sources we believe to be reliable; however, NNN Fitness has not verified, and will not verify, any of the information contained herein, nor has NNN Fitness conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

    All property showings are by appointment only. Please consult your Marcus & Millichap agent for more details.

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For more information, please contact:

Mark Thiel

Senior Managing Director Investments

858-373-3206

Email & Bio »

Ryan Nee

Broker of Record

License: BK3154667