10250 Causeway Blvd Tampa, FL 33619

Property Details for 10250 Causeway Blvd

Year built

2019

Lot size

6.59 lot acres

Property size

27,860 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional Class A retail investment opportunity, Village at Causeway, presents a compelling case for investors seeking strong returns. Located at 10250 Causeway Blvd in Tampa, Florida, this 27,860 square foot, unanchored shopping center boasts a 100% occupancy rate and a robust 6.5% capitalization rate, generating a net operating income (NOI) of $898,166. Built in 2019 on a 6.59-acre lot, the property features a diverse mix of e-commerce resistant tenants, including popular local restaurants, service businesses, and an escape room. The average suite size is approximately 2,100 square feet, and the average rental rate is $33 per square foot, with a weighted average lease term (WALT) of 3 years and built-in annual rent increases. The property benefits from a high-traffic signalized intersection with three points of ingress/egress, excellent visibility, and proximity to other traffic generators such as a Hampton Inn Suites and RaceTrac. Its location at the entrance to a 450-unit apartment complex and across from 700 additional units ensures consistent foot traffic. The extremely low vacancy rate along Causeway Boulevard (1.50% according to CoStar) further underscores the property's desirability and potential for future growth through market rent increases or leasing to national tenants. This stabilized investment offers significant upside potential and a secure, high-performing asset in a thriving Tampa market. The property's strong fundamentals, combined with its desirable tenant mix, make it an ideal addition to any portfolio.

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Longitude

-82.3411

Latitude

27.9237