3917 N Nebraska Ave Tampa, FL 33603
For Lease
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This exceptional 15,022 sq. ft. former Walgreens in Tampa, FL, presents a prime retail opportunity. Located at the highly visible intersection of Nebraska Avenue and Dr. Martin Luther King Jr. Boulevard, this property boasts a combined daily traffic count of 35,000 vehicles. The 1.94-acre lot offers ample parking (67 spaces) and excellent access from both major thoroughfares. The building itself features impressive 20-foot high ceilings, 35-foot column spacing, a covered drive-thru lane, and 3-phase power. It's also fully equipped with a fire sprinkler system. Currently undergoing a zoning change from Planned Development to Commercial General (CG), the site will have a "Retail Pharmacy" restriction, but most other retail commercial uses will be permitted. The building offers flexible space, ranging from 7,500 to 15,022 square feet. Initial estimated monthly rent, inclusive of base rate, CAM ($6.33), and sales tax, is projected at $20,756 for 7,500 sq. ft. and $41,573 for the full 15,022 sq. ft. The property's strategic location near I-275 and I-4 provides easy access to downtown Tampa and surrounding areas. This is a remarkable opportunity for a business seeking high visibility and convenient access in a thriving Tampa location.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PD · Tampa, FLTampa. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.