Two-Tenant Retail
For Sale
Contact for pricing
2874 Providence Lakes Blvd, Brandon, FL 33511
Fully leased with NNN agreements for World of Beer and KidsPark.
Property Size6,715 SF
Price / SF$536.26
Days on Market203
Property Features for 2874 Providence Lakes Blvd
General Information
Standard status
Active
Size
6,715 SF
Property subtype
RETAIL
Occupancy
100%
Additional Details
Traffic Count
48,200 vehicles/day
Building Details
Tenancy
Multi
Listing Agency:
RIPCO Real Estate | Tampa
(813) 921-5640
Listed By:
Ari Ravi · License #SL-3210827
(813) 921-5640
Source:
Moodyscre
Added: Feb 9
Changed: Aug 30
Last Checked: Aug 30 at 7:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RIPCO Real Estate | Tampa
Investment Insights
Based on property information with market context.
This 6,715-square-foot retail center is occupied by World of Beer and KidsPark under NNN lease structures. KidsPark has executed a 10-year lease, while the property is currently 100% occupied by the two operating tenants.
The property sits near Providence Lakes Boulevard and Causeway Boulevard in Brandon, Florida, where combined traffic volume is 48,200 AADT. Interstate 75, carrying 191,500 AADT, and the Selmon Expressway, with 91,000 AADT, are approximately 0.5 miles away. Nearby Lake Brandon Plaza and Lake Brandon Village collectively report 5.7 million annual visitors, and the surrounding 1-mile area includes 15,837 residents.
The property sits near Providence Lakes Boulevard and Causeway Boulevard in Brandon, Florida, where combined traffic volume is 48,200 AADT. Interstate 75, carrying 191,500 AADT, and the Selmon Expressway, with 91,000 AADT, are approximately 0.5 miles away. Nearby Lake Brandon Plaza and Lake Brandon Village collectively report 5.7 million annual visitors, and the surrounding 1-mile area includes 15,837 residents.
Key Highlights
- 6,715‑square‑foot retail center with two tenants
- 100% occupied by World of Beer and KidsPark
- Both tenants operate under NNN leases
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$111,367
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,227,340
$2.2M
Cap Rate 7%
$1,590,957
$1.6M
Cap Rate 9%
$1,237,411
$1.2M
Market Conditions
NOI Build-Up for 6,715 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$157.1K $23.40/SF
− Vacancy
−$8.6K −$1.29/SF
EGI
$148.5K $22.11/SF
− OpEx
−$37.1K −$5.53/SF
NOI
$111.4K $16.58/SF
Area
Brandon, FL
Vacancy
5.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,227,340
Cap Rate 7%
$1,590,957
Cap Rate 9%
$1,237,411
Alternative Uses
Best Use
Specialty Retail
$1.59M
$1.39M – $1.86M
NOI $111,367 @ 7.0% cap · market cap 3.09%
Second Best
Retail
$1.37M
$1.20M – $1.60M
NOI $96,204 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $176,825 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
48,200 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
845
Businesses Nearby
573k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 22%
Dining 22%
Groceries 21%
Apparel 17%
Costco Wholesale
Superstores
126,212 visits/mo
0.2 miles
Publix
Groceries
61,240 visits/mo
0.4 miles
Kohl's
Apparel
59,415 visits/mo
0.1 miles
Total Wine & More
Groceries
41,824 visits/mo
0.2 miles
McDonald's
Dining
40,665 visits/mo
0.4 miles
Demographics for 33511, FL
56,627
Population
24,579
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
91%
High-School Grad
16.0 sq mi
ZIP Area
3,539
Density / Sq Mi
$77,383
Median Household Income
$44,521
Median Earnings
$1,684
Median Rent
$324,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
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- Florida MV Express Kiosk — 11255 Causeway Blvd, Brandon, FL 33511
Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased with NNN agreements for World of Beer and KidsPark.
Where is this shopping center located?
The property is located at 2874 Providence Lakes Blvd Brandon, FL.
What is the asking price?
The asking price for this property is $3,601,000.
What are key features of this property?
This property features: 6,715‑square‑foot retail center with two tenants; 100% occupied by World of Beer and KidsPark; Both tenants operate under NNN leases
