Tony Nguyen, CCIM with The TRG Group, is proud to present Evershine Square, a well-established shopping center in Tampa, FL, available for the first time in over 30 years. This property features a durable TPO roof installed in 2019, a freshly resurfaced parking lot as of July 2024, and significant HVAC upgrades, making it a low-maintenance, reliable investment. Each tenant has individually metered utilities, providing cost-efficient management for ownership.
With below-market rents, this asset presents a clear value-add opportunity, positioning the new owner to increase revenue and target valuation of just under $10,000,000 in 3 years. Strong local demographics, including a population of nearly 20,000 within a 1-mile radius and over 50,000 households within a 3-mile radius, support ongoing demand. Proven stability and high tenant retention further enhance the appeal, with minimal vacancy over three decades. This property represents a strong legacy investment for those seeking a stable asset in a proven market with long-term growth potential in Tampa's market.