NNN Shopping Center with Medical
For Sale
Contact for pricing
7345 Jackson Springs Rd, Tampa, FL 33634
Fully occupied NNN shopping center with 8 tenants and recurring annual rent escalations, supported by recent capital improvements.
Property Size11,896 SF
Price / SF$242.77
Days on Market145
Property Features for 7345 Jackson Springs Rd
General Information
Standard status
Active
Size
11,896 SF
Property subtype
RETAIL
Occupancy
100%
Site & Location
Traffic Count
19,300 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: Apr 16
Changed: Aug 16
Last Checked: Jul 23 at 6:06PM
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.
Jackson Springs Square is a fully occupied, 8-tenant NNN shopping center in Tampa, Florida. The property benefits from lease structures with annual rent escalations for six tenants, and most tenants include relocation clauses that provide the landlord additional control over the center’s configuration. With a 3.06 WALT, the tenant mix can be shaped in the near term. A meaningful portion of the GLA is occupied by destination-based medical tenants, totaling 42% of the center.
World of Learning recently expanded into Suite B and now occupies a total of 3,371 SF, reflecting long-term commitment to the site. The center has seen over $600,000 invested in capital improvements within the past three years, including parking lot upgrades, exterior painting, and landscaping.
The property is located near the signalized intersection of Hanley Rd and Jackson Springs Rd, on a stretch of Hanley Rd with 19,300 AADT. It is also less than a mile from the Veterans Expressway (104,088 AADT) and under 1.5 miles from Tampa International Airport (TPA).
World of Learning recently expanded into Suite B and now occupies a total of 3,371 SF, reflecting long-term commitment to the site. The center has seen over $600,000 invested in capital improvements within the past three years, including parking lot upgrades, exterior painting, and landscaping.
The property is located near the signalized intersection of Hanley Rd and Jackson Springs Rd, on a stretch of Hanley Rd with 19,300 AADT. It is also less than a mile from the Veterans Expressway (104,088 AADT) and under 1.5 miles from Tampa International Airport (TPA).
Key Highlights
- Jackson Springs Square is 100% occupied by 8 tenants on NNN leases, with six tenants featuring annual rent escalations
- 3.06 WALT with medical‑focused tenant mix: destination‑based medical tenants occupy 42% of the GLA
- World of Learning expanded into Suite B and occupies 3,371 SF, showing long‑term commitment to the site
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
$141,646
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
4.90%
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%
$2,832,920
$2.8M
Cap Rate 7%
$2,023,514
$2.0M
Cap Rate 9%
$1,573,844
$1.6M
Market Conditions
NOI Build-Up for 11,896 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
$214.1K $18.00/SF
− Vacancy
−$11.8K −$0.99/SF
EGI
$202.4K $17.01/SF
− OpEx
−$60.7K −$5.10/SF
NOI
$141.6K $11.91/SF
Area
Tampa, FL
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,832,920
Cap Rate 7%
$2,023,514
Cap Rate 9%
$1,573,844
Alternative Uses
Best Use
Retail
$2.02M
$1.77M – $2.36M
NOI $141,646 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.77M
$2.43M – $3.23M
NOI $194,000 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
19,300 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
650
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Dining 17%
Chevron
Shops & Services
6,549 visits/mo
0.1 miles
Marco's Pizza
Dining
1,296 visits/mo
0.5 miles
Demographics for 33634, FL
21,465
Population
8,219
Households
2.6
Avg Household Size
39
Median Age
28%
College-Educated
89%
High-School Grad
8.4 sq mi
ZIP Area
2,555
Density / Sq Mi
$69,185
Median Household Income
$37,539
Median Earnings
$1,719
Median Rent
$310,900
Median Home Value
Market
Vacancy Rate% for Retail in Tampa, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied NNN shopping center with 8 tenants and recurring annual rent escalations, supported by recent capital improvements.
Where is this shopping center located?
The property is located at 7345 Jackson Springs Rd Tampa, FL.
What is the asking price?
The asking price for this property is $2,888,000.
What are key features of this property?
This property features: Jackson Springs Square is 100% occupied by 8 tenants on NNN leases, with six tenants featuring annual rent escalations; 3.06 WALT with medical‑focused tenant mix: destination‑based medical tenants occupy 42% of the GLA; World of Learning expanded into Suite B and occupies 3,371 SF, showing long‑term commitment to the site
