3311 Lithia Pinecrest Rd Valrico, FL 33596-5636

Property Details for 3311 Lithia Pinecrest Rd

Year built

1997

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.71 lot acres

Property size

58,915 SF

Zone code

PD

Property type

Super regional malls

APN

U063021ZZZ000004278400

APU

U063021ZZZ000004278400

Description

This exceptional investment opportunity presents a three-tenant, 53,644-square-foot retail center located at 3311 Lithia Pinecrest Rd, Valrico, FL 33596, in Hillsborough County. The property boasts a strong tenant lineup anchored by Sprouts Farmers Market and PetSmart, complemented by Orange Theory Fitness. Built in 2007, this center sits on a 4.71-acre lot (APN: U-06-30-21-ZZZ-000004-27840.0) and benefits from a triple-net (NNN) lease structure, minimizing landlord responsibilities. The asking price is $15,120,154, representing a price per square foot of $281.86 and a compelling 6.50% cap rate with a Net Operating Income (NOI) of $982,819. The property enjoys a premium location within a major retail corridor, proximate to other significant retailers including Walmart, Publix, Chick-fil-A, and Starbucks. Its strategic placement near a large healthcare campus and a new residential community further enhances its appeal. The surrounding area exhibits robust demographics, with over 171,001 people within a five-mile radius and an average household income exceeding $116,000. All tenants are national chains with established track records and renewal options featuring scheduled rent increases, providing investors with a stable and predictable income stream. This grocery-anchored center offers a compelling combination of strong tenants, favorable lease terms, and a desirable location within a thriving market.

Location Insight

City

Valrico

County

Hillsborough

State

Florida

Longitude

-82.2437

Latitude

27.8959

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments