9340 Florida Ave Tampa, FL 33612-7925

This exceptional 27,628 square foot shopping center, located at 9340 N Florida Ave in Tampa, Florida, presents a compelling value-add investment opportunity. The property boasts a strong 100% occupancy rate with a loyal tenant roster, many of whom have been in place for over a decade and recently renewed their leases for two to three years. Situated on a 2.2-acre lot in the desirable Northwest Tampa submarket, this Class C retail center benefits from high traffic counts exceeding 24,000 vehicles daily at the nearby intersection of N Florida Ave and W Hamiller Ave N. The center features a desirable tenant mix, including national brands like Papa Johns, Direct General, and Liberty Tax, with a median suite size of 1,782 square feet. The asking price is $3,300,000, representing a current cap rate of 5.82% and a pro-forma cap rate of 5.99%, reflecting below-market rents with significant upside potential. The property offers abundant parking with a ratio exceeding 2.31 spaces per 1,000 rentable square feet and a covered sidewalk along the entire storefront. The Net Operating Income (NOI) is $192,179, projected to increase to $197,676. The property is zoned CI and was built in 1964. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with substantial growth potential in a thriving Tampa market.