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31687701
31687702

10426 N Dale Mabry Hwy, Tampa, FL 33618

AG
FL SL3582293
Marcus & Millichap - Orlando
SV
FL 3105421
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando
$4,750,000
55 days on market
Updated 55 days ago

Fairway North Plaza

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 13,520
Net Rentable (SqFt) 13,520
Cap Rate 6.66%
NOI $316,273
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $351
Class B
Year Built 1982
Year Renovated 2020
Buildings 1
Stories 1
Acreage 1.200
Investment Type Stabilized
Ownership Fee Simple

Stabilized NNN Retail | 6.65% CAP | Direct Frontage on Dale Mabry (70,500 VPD)

Marketing description

Marcus & Millichap is pleased to present the opportunity to acquire Fairway North Plaza, a 13,520-squarefoot strip center located in Tampa, Florida. The Property is positioned along Dale Mabry Highway, a primary retail corridor with exposure to approximately 70,500 vehicles per day, providing consistent consumer traffic and strong tenant visibility. The Property is leased to a diverse mix of service-based tenants, limiting exposure to e-commerce disruption and supporting long-term occupancy stability. All tenants operate under NNN leases, providing a low-maintenance investment structure and minimizing expense volatility for ownership. The surrounding area features strong fundamentals, with approximately 9,500 residents within a one-mile radius and median household income exceeding $84,000, supporting consistent retail demand. The market is both established and supply-constrained, with projected population growth of 6% overthe next five years. The asset offers a strong parking ratio of 5.03 per 1,000 square feet (70 total spaces), supporting high traffic uses and enhancing accessibility for tenants and customers. Additionally, the Property has undergone recent capital improvements, including a new roof, exterior paint, parking lot seal, and electrical upgrades, reducing near-term capital needs and improving the facade. Overall, the Property presents an opportunity to acquire a stabilized, low-management retail asset with durable tenancy in one of Tampa Bay’s Premier Retail Corridors.

Listing Contacts

AG
FL SL3582293
Marcus & Millichap - Orlando
SV
FL 3105421
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$316,273.00
$26,356.08/mo

Valuation Metrics

0
DSCR
6.66%
Cap Rate
6.66%
ROI

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Additional Information

Name
Alex Goodale
License
SL3582293
Brokerage Phone
3094150788
Title
FL
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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