|Gross Leasable Area (GLA)||9,300 Sq.Ft.|
|Price Per Square Foot (GLA)||$293|
|Lot Size||0.76 Acres|
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.
Vice President Investments