NNN Retail
New
For Sale
Contact for pricing
709 N PARK RD, Plant City, FL 33563
Retail suites feature NNN lease terms and service-oriented businesses, with one suite available for lease-up.
Property Size12,727 SF
Price / SF$126.11
Days on Market2
Property Features for 709 N PARK RD
General Information
Standard status
Active
Size
12,727 SF
Property subtype
RETAIL
Site & Location
Traffic Count
27,500 vehicles/day
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
RIPCO Real Estate | Tampa
(813) 320-0050
Listed By:
Ari Ravi · License #SL-3210827
(813) 921-5640
Source:
Moodyscre
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 3:02AM
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.
The 12,727-square-foot property includes four retail suites and a separate communications installation that Verizon Wireless has operated at the site since 2006. Suite 3, measuring 2,893 square feet, is vacant. Retail leases use a NNN structure, and annual increases range from 3% to 5%. Verizon has exercised three renewals, with rent increases of 2.5% annually.
The property fronts Park Road, which carries 27,500 vehicles per day and connects to Interstate 4, where daily traffic is 154,000 vehicles. BayCare’s South Florida Baptist Hospital opened on Park Road at I-4 in 2024. Plant City’s population has grown 13% since 2020.
The property fronts Park Road, which carries 27,500 vehicles per day and connects to Interstate 4, where daily traffic is 154,000 vehicles. BayCare’s South Florida Baptist Hospital opened on Park Road at I-4 in 2024. Plant City’s population has grown 13% since 2020.
Key Highlights
- 12,727‑square‑foot retail property with four suites
- Suite 3 is vacant and measures 2,893 square feet
- Retail leases have NNN terms and annual increases of 3%-5%
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,947
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,498,940
$2.5M
Cap Rate 7%
$1,784,957
$1.8M
Cap Rate 9%
$1,388,300
$1.4M
Market Conditions
NOI Build-Up for 12,727 SF
Gross rent
$190.9K $15.00/SF
− Vacancy
−$12.4K −$0.98/SF
EGI
$178.5K $14.03/SF
− OpEx
−$53.5K −$4.21/SF
NOI
$124.9K $9.82/SF
Area
Hillsborough County, FL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,498,940
Cap Rate 7%
$1,784,957
Cap Rate 9%
$1,388,300
Alternative Uses
Best Use
Retail
$1.78M
$1.56M – $2.08M
NOI $124,947 @ 7.0% cap · market cap 7.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.69M
$3.23M – $4.30M
NOI $258,008 @ 7.0% cap · market cap 16.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
27,500 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
10,588 visits/mo
0.4 miles
Jarrett Scott Ford of Plant City
Shops & Services
5,453 visits/mo
0.1 miles
Demographics for 33563, FL
27,344
Population
10,794
Households
2.5
Avg Household Size
35
Median Age
18%
College-Educated
76%
High-School Grad
15.1 sq mi
ZIP Area
1,811
Density / Sq Mi
$56,318
Median Household Income
$35,142
Median Earnings
$1,226
Median Rent
$197,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Retail suites feature NNN lease terms and service-oriented businesses, with one suite available for lease-up.
Where is this nnn property located?
The property is located at 709 N PARK RD Plant City, FL.
What is the asking price?
The asking price for this property is $1,605,000.
What are key features of this property?
This property features: 12,727‑square‑foot retail property with four suites; Suite 3 is vacant and measures 2,893 square feet; Retail leases have NNN terms and annual increases of 3%-5%
