|Gross Leasable Area (GLA)||34,500 Sq.Ft.|
|Price Per Square Foot (GLA)||$149|
|Lot Size||4.12 Acres|
Marcus & Millichap is pleased to offer for sale River Hills Plaza, a stabilized shopping center located in Valrico, Florida, an affluent Tampa suburb located only 25 minutes from downtown Tampa.
The subject property is a 34,500-square foot shopping center built in 2004. The property is currently 93 percent occupied by an attractive tenant mix, including well-known local restaurants, attorney services, financial services, doctors and child care. The plaza is ideally located on Lithia-Pinecrest Road at a lighted intersection, halfway between Brandon and the exclusive community of FishHawk Ranch. Retail developments and roadway expansion projects, including a brand new Walmart Supercenter just north of River Hills Plaza and plans to expand Lithia-Pinecrest, are indicators of the long-term stability and short-term growth in rental rates for this submarket.