102 W Fletcher Ave - Freestanding FOR SALE


Tampa, FL 33612- Forest Hills
$620,000 USD
310-853-1419
102 W Fletcher Ave, Tampa, FL for Sale
$620,000 USD
Freestanding - FOR SALE
1/5
null | 9.99% Cap Rate

102 W Fletcher Ave
Tampa, FL 33612
Forest Hills


HIGHLIGHTS

  • Leasehold investment opportunity with Amscot Financial as the tenant.
  • High return and ability for full depreciation due to the leasehold nature of the investment.
  • Strong Tampa location / income tax-free state.
  • Long-term ground lease position - nearly 70-years including option periods.

OVERVIEW

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

FOR SALE DETAILS

PRICE

$620,000 USD

PRICE/SF

$248 USD /SF

CAP RATE

9.99%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Leasehold Amscot - Tampa, FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

CG

APN/PARCEL ID

U-12-28-18-0TD-000003-00004.0

ASK ABOUT THIS PROPERTY

Daniel HoogestegerSands Investment Group Santa Monica, LLCMore Info
310-853-1419

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Daniel HoogestegerSands Investment Group Santa Monica, LLCMore Info
310-853-1419

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.