Building Details

Tenancy Single

Listing Agency: Marcus & Millichap - Fort Lauderdale a***@marcusmillichap.com Show Phone

Listed By: Alan Lipsky · License #FL SL3279054

Source: Crexi

Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 9:00PM

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Investment Insights

Based on property information with market context.

This Tampa commercial property is occupied by a Jungle Boys medical cannabis dispensary and has been renovated by the tenant. The asset is operating under a long-term triple-net lease that includes three additional five-year renewal options. Contractual rent increases are set at 2% annually during both the initial term and option periods.

The property is located at 602 N Dale Mabry Hwy along a retail corridor carrying more than 57,500 vehicles per day. Midtown Tampa, a mixed-use development with more than 40 retail and restaurant offerings, entertainment, offices, residences, and a 226-room dual-branded hotel, is within walking distance. Raymond James Stadium is less than two miles away, while International Plaza, Tampa International Airport, and Walter's Crossing are also nearby.

The surrounding trade area includes national retailers, grocers, restaurants, automotive brands, and hotels. Nearly 250,000 residents live within five miles, with reported annual household incomes of $105,545 within one mile and $131,205 within three miles.

Key Highlights

• Long‑term NNN lease with three five‑year tenant renewal options
• 2% annual rent increases during the base term and option periods
• Tenant‑renovated medical cannabis dispensary now open for business

Property Analytics

Property Profile

Current Use

Florida DUI Lawyer ... Law Firm Jungle Boys Tampa ... (Bike/Boat/Book/etc) Store Richard A. Alexander, Esq. Law Firm The Ticket Clinic - A Law ... Law Firm BankruptcyNow Law Firm

Suggested Use

Top Pick Butcher Tanning Salon Pet Grooming Service Restaurant (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

57,500 VPD

Traffic count

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

2,336

Businesses Nearby

217k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 49% Shops & Services 41% Office Supplies 6% Electronics 2%

Wawa Shops & Services

68,686 visits/mo 0.0 miles

True Food Kitchen Dining

25,039 visits/mo 0.3 miles

Village Inn Dining

19,173 visits/mo 0.1 miles

J. Alexander's Dining

15,577 visits/mo 0.2 miles

Office Depot Office Supplies

13,646 visits/mo 0.2 miles

Demographics for 33609, FL

17,902

Population

9,169

Households

2

Avg Household Size

38

Median Age

63%

College-Educated

94%

High-School Grad

4.0 sq mi

ZIP Area

4,476

Density / Sq Mi

$105,083

Median Household Income

$66,567

Median Earnings

$1,818

Median Rent

$526,000

Median Home Value

Market

Vacancy Rate% for Retail in Tampa, FL

6.3% 2019

6.3% 2020

5.3% 2021

4.3% 2022

4% 2023

3.8% 2024

4.7% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - Renovated medical cannabis facility leased under a long-term triple-net structure.

Where is this nnn property located?

The property is located at 602 N Dale Mabry Hwy Tampa, FL.

What are key features of this property?

This property features: Long‑term NNN lease with three five‑year tenant renewal options; 2% annual rent increases during the base term and option periods; Tenant‑renovated medical cannabis dispensary now open for business