DEALS

Deals

Bloomingdale Plaza – Brandon, FL

THE OPPORTUNITY

  • Neighborhood and Experiential Retail based asset
  • 93% leased
  • term remaining on core tenants:
  • Urban Air has ten years of term remaining
  • Your Pie has term through 2029
  • Asset is located in strong submarket of Tampa
  • New lease signed in 2022 with Urban Air
  • Strong Leasing Momentum: 2 new leases signed over the past 12 months
  • Landlord Flexibility: Limited lease options for small shop tenants gives Landlord the ability to drive rents

THE HIGHLIGHTS

  • Center redeveloped in 2019
  • New LED lighting in 2018
  • New roof in 2015, 60 mil TPO
  • 20-year roof warranty with 13 years remaining
  • Traffic Count: E Bloomingdale Ave are 45,402 ADT
  • Tremendous amount of rooftops in the immediate submarket
  • Necessity based, internet resistant tenant lineup
  • One traffic light serving the shopping center
  • 2.9% vacancy rate in the market

THE DEAL POINTS

  • Cap Rate: Market to Determine
  • Price: Market to Determine
  • Year Built/Ren: 1987/1993
  • NOI: $938,401
  • Occupancy: 93%
  • Square Footage: 83,237 SF

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