Shoppes of Sheldon

Shoppes of Sheldon

Shoppes of Sheldon
8315 Sheldon Road
Tampa, FL 33615

$2,725,000

Cap Rate 7.44%
Gross Leasable Area (GLA) 9,300 Sq.Ft.
Price Per Square Foot (GLA) $293
Year Built 2004
Lot Size 0.76 Acres
  • Stabilized Asset With 100 Percent Occupancy
  • Four of the Five Tenants Have Occupied the Center for Over 10 Years
  • Population of 180,476 People Within a Five Mile Radius
  • Less Than 15 Percent of the Leases Expire in the First Three Years
  • Just South of Brand New Costco Development
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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: Shoppes of Sheldon (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 offer for sale the Shoppes of Sheldon, a stabilized shopping center located near the corner of Sheldon Road and Waters Avenue, part of an affluent Tampa suburb located only 20 minutes from Tampa International Airport.

The subject Property is a 9,300-square foot shopping center built in 2004. The property is currently 100 percent occupied by an attractive tenant mix, 80 percent of which has occupied the center since 2006. The Plaza is ideally located on Sheldon Road just south of Waters Avenue, a busy corner which sees a combined average daily traffic count of 77,000.

Shopped of Sheldon offers investors an opportunity to acquire a low management, stabilized asset that is free and clear of existing debt. By taking advantages of today’s attractive financing options the next owner can expect to achieve a 9.64 percent cash-on-return on in-place income.

This suburb of Tampa is attractive to Tampa Bay residents looking to be in close proximity to local attractions and employment centers, while still enjoying the family friendly benefits of living in the suburbs. Caddy-corner to a Winn-Dixie anchored shopping center, the subject property is surrounded by well-known retailers including Wendy’s, Papa John’s, Walgreens, Dunkin’ Donuts and Family Dollar among others.

For More Information, Please Contact:

James Medefind

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