Kennedy Retail Center

Kennedy Retail Center

Kennedy Retail Center
2101-2109 West Kennedy Boulevard
Tampa, FL, 33606

$1,395,000

Cap Rate 7.23%
Gross Leasable Area (GLA) 7,252 Sq.Ft.
Price Per Square Foot (GLA) $206
Year Built 1920
Lot Size 0.23 Acres
  • Only Two miles from Downtown Tampa’s $3 Billion Revitalization, and One Half Mile From The University of Tampa
  • $86,859 Average Household Income Within 3 Miles – Adjacent to Hyde Park, the Most Affluent Neighborhood in South Tampa
  • Below Market Rents
  • Low Price Per Foot
  • Dense, Infill Location at the Heart of South Tampa - One of the Hottest Markets in the the U.S.
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: Kennedy Retail Center (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

Marcus & Millichap is pleased to present for sale Kennedy Retail Center, a stabilized four-tenant strip center in Tampa, Florida. The property fronts Kennedy Boulevard and benefits from its close proximity to downtown Tampa, the Westshore Business District, Interstate 275 and Interstate 4. Totaling 7,252 square feet, the property is 100 percent occupied with an attractive tenant mix. With low property expenses and below market rents, this is a unique opportunity for someone to increase the cash flow and add value to one of the city’s most prominent retail centers. Originally known as the Biscayne Lighting Building, this is a landmark building in the heart of South Tampa. For more than 60 years, Biscayne Lighting was the premier lighting retailer for the historic mansions and residences in Tampa. This property is one of a kind – an original Old Tampa stucco design with frontage on the busiest road in South Tampa makes this an irreplaceable asset in a high profile location. Tampa is located along the west coast of Florida near the Gulf of Mexico. Immense growth over the last few decades has caused the city of Tampa and surrounding communities to merge and become known as Tampa Bay. As of January 2017, Tampa Bay has grown to have more than 3 million residents – an increase of 6.9% within just seven years. Growth in the Tampa Bay region is attributed the warm climate, diverse employment base, tourism, and low cost of living. This Tampa Retail Center is an excellent opportunity to acquire a premier retail asset in one of the hottest markets in the United States. Florida is an attractive investment option with no state income tax.

For More Information, Please Contact:

James Medefind

First Vice President Investments
(813) 387-4788
James.Medefind@MarcusMillichap.com