Listed by Ripco Real Estate
$6,822,000
1902 N Dale Mabry Hwy
Details
APN 111011-0000
Property Type Retail
Sub Type Freestanding, Cannabis
Square Footage 8,460
Units 1
Cap Rate 7.00%
NOI $477,544
Occupancy 100%
Tenancy Single
Brand/Tenant Sunnyside Cannabis Dispensary
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 09/30/2031
Remaining Term 5.9
Rent Bumps Yes
Lease Options Two 5-year options to extend
Year Built 1968
Year Renovated 2023
Buildings 1
Stories 1
Acreage 1.190
Zoning CI - Commercial Intensive - City of Tampa
Parking Spaces 119 spaces
Parking per 1,000 SqFt 14.07
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/01/2021
Absolute NNN With Publicly Traded Company | A+ Location on Dale Mabry Highway | Tampa, FL
Marketing description
Outparcel Retail Space for Lease at SWQ of North Dale Mabry and West Spruce Street.
Investment highlights
- 6.5 Years remaining on an Absolute NNN lease with two 5-year options to extend. Initial term and option periods include +2% annual rental increases, increasing cash flow and hedging against inflation
- Long-term Absolute NNN lease provides an attractive, management-free investment located in a state with no state income tax
- The asset is located on the westside of N Dale Mabry Hwy in Tampa, FL, the largest retail corridor in Tampa, with an AADT of 57,500
- The property is located less than 1 mile from the Tampa International Airport, 0.5 miles from the $500 million Midtown Tampa mixed-use development, and 0.2 miles from I-275, the primary east-west highway in the Tampa MSA with over 230,000 AADT
- 14,207 population within a 1-mile radius
- $132,124 average household income within a 3-mile radius
Listing Contacts
Listed by Ripco Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$477,544.00
$39,795.33/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Zoning
CI CommercialGeneral CommercialCommercial Intensive
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View all 144 uses Last updated Apr 17, 2026 For deeper zoning details, reports are available at Zoneomics
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