Florida Multi Tenant NNN Retail
Walmart Supercenter Outparcel
Marketing description
Portfolio Opportunity: This property is available individually or as part of a two-property portfolio alongside 13785 Walsingham Rd, Largo, FL 33774. (https://www.crexi.com/properties/1892555/florida-two-property-net-lease-retail-portfolio)
Secure NNN Retail Investment – Walmart Supercenter Outparcel in Mulberry, FL
Colliers International proudly presents a top-tier retail investment opportunity at 6751 N Church Street, Mulberry, FL 33860. This property, constructed in 2004, is fully leased to two national tenants—ABC Phone of North America (Verizon) and GameStop—offering investors stable cash flow and built-in rent growth through NNN leases. Boasting low rent and price point, this asset provides a rare combination of affordability and tenant stability in a rapidly growing Florida market.
Investment highlights
Investment Highlights:
Low Rent and Price Point: The property features low rent for ABC Phone of North America (Verizon) and GameStop, securing long-term tenant commitment and minimizing lease turnover risk. Priced at $2,000,103, this asset offers a competitive entry point for investors seeking high-yield retail in Florida, with market rents, enhancing future upside potential upon lease renewals.
Strong Tenants: ABC Phone of North America, the largest Verizon authorized retailer with over 350 locations, has been in place since 2022 with a lease through 2027, featuring 3% annual rent escalations and two 5-year renewal options. GameStop, a global video game retailer, has operated here since 2004 and is leased through 2026 with a 3-year renewal option.
Walmart Supercenter Outlot Positioning: As a dominant outlot to Walmart, this property capitalizes on high consumer traffic, maximum visibility, ensuring a steady customer base for both tenants.
Strategic Location: Located along N Church Street, a key retail corridor in Mulberry, the property benefits from excellent accessibility and proximity to central Florida’s growing logistics and industrial hub, with a population of over 120,809 within 1 mile.
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