This property has sold.

Details: Retail

Square Feet: 83,237 SF

Year Built: 1987

Year Renovated: 1982

NOI: $938,401

SOLD – Bloomingdale Plaza

121 E Bloomingdale Ave, Brandon, FL 33511

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

This property has sold.