Dual-Tenant Retail
For Sale
$1,100,000
316 Havendale Blvd, Auburndale, FL 33823
Retail property occupied by a Domino's Pizza location and an established local bar with separate operating concepts.
Property Size5,900 SF
Price / SF$186.44
Days on Market48
Property Features for 316 Havendale Blvd
General Information
Standard status
Active
Size
5,900 SF
Property subtype
Restaurant
Lease Type
Modified Gross
Amenities
Two-tenant income stream that isn't dependent on a single operator — a national QSR brand paired with an independently owned bar with 16 years of continuous operation in the same location.
The property sits directly across from an established retail plaza anchored by Harbor Freight, Winn-Dixie, and O'Reilly Auto Parts, benefiting from consistent, pre-existing consumer traffic.
The property fronts Havendale Boulevard, a corridor carrying approximately 30,000 vehicles per day.
Building Details
Building Size
5,900 SF
Tenancy
Multi
Listing Agency:
Tampa Office
Listed By:
Kevin Cagliergin · License #License(s): FL: SL3551018
(813) 387-4733
Source:
Marcusmillichap
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 26 at 12:45PM
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 Tampa Office
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Investment Insights
Based on property information with market context.
Located at 316 Havendale Boulevard in Auburndale, Florida, this retail property is configured for two occupants with complementary food-and-beverage uses. The spaces are occupied by Domino's Pizza and Brew Hounds, a local bar that began operating in 2009.
The Domino's tenancy supports delivery and carryout operations, while the adjacent bar offers live sports programming and community events. The leases provide different operating characteristics: the Domino's arrangement is designed for reduced day-to-day ownership involvement, and the Brew Hounds lease includes annual rent increases through the balance of its term. Together, the two occupied spaces provide a diversified tenant profile within one retail asset.
The Domino's tenancy supports delivery and carryout operations, while the adjacent bar offers live sports programming and community events. The leases provide different operating characteristics: the Domino's arrangement is designed for reduced day-to-day ownership involvement, and the Brew Hounds lease includes annual rent increases through the balance of its term. Together, the two occupied spaces provide a diversified tenant profile within one retail asset.
Key Highlights
- Dual‑tenant retail property at 316 Havendale Boulevard, Auburndale, FL 33823
- Occupied by Domino's Pizza and Brew Hounds
- Domino's space supports delivery and carryout operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,708
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,534,160
$1.5M
Cap Rate 7%
$1,095,829
$1.1M
Cap Rate 9%
$852,311
$852.3K
Market Conditions
NOI Build-Up for 5,900 SF
Gross rent
$109.7K $18.60/SF
− Vacancy
−$7.5K −$1.26/SF
EGI
$102.3K $17.34/SF
− OpEx
−$25.6K −$4.33/SF
NOI
$76.7K $13.00/SF
Area
Polk County, FL
Vacancy
6.80%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,534,160
Cap Rate 7%
$1,095,829
Cap Rate 9%
$852,311
Alternative Uses
Best Use
Specialty Retail
$1.10M
$958.9K – $1.28M
NOI $76,708 @ 7.0% cap · market cap 6.97%
Second Best
Retail
$946.5K
$828.2K – $1.10M
NOI $66,257 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,247 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
278k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Groceries 29%
Shops & Services 28%
Home Improvements & Furnishings 4%
Publix
Groceries
45,010 visits/mo
0.4 miles
Wawa
Shops & Services
36,620 visits/mo
0.1 miles
McDonald's
Dining
32,041 visits/mo
0.2 miles
Winn-Dixie
Groceries
22,660 visits/mo
0.2 miles
Save-A-Lot
Groceries
12,752 visits/mo
0.3 miles
Demographics for 33823, FL
33,733
Population
15,383
Households
2.2
Avg Household Size
42
Median Age
17%
College-Educated
86%
High-School Grad
34.9 sq mi
ZIP Area
967
Density / Sq Mi
$64,248
Median Household Income
$39,187
Median Earnings
$1,068
Median Rent
$234,300
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail property occupied by a Domino's Pizza location and an established local bar with separate operating concepts.
Where is this retail space located?
The property is located at 316 Havendale Blvd Auburndale, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Dual‑tenant retail property at 316 Havendale Boulevard, Auburndale, FL 33823; Occupied by Domino's Pizza and Brew Hounds; Domino's space supports delivery and carryout operations
