Trinity Village Center
77,000 SF Florida Retail Strip Center | Outstanding Mark-to-Market Upside w/ +7% CAGR
Marketing description
Colliers, as exclusive broker, is pleased to present the opportunity to acquire Trinity Village Center (“the Property”), a 76,834 SF unanchored strip center located in Trinity, FL – Tampa’s fastest growing affluent community. The Property offers a truly unique mark-to-market opportunity as nearly 50% of the rent roll expires by 2032 and is on average over 55% below market; presenting strong projected revenue growth as the CAGR exceeds 7.0%. Trinity Village Center boasts a strong, stable tenant mix, with over 80% of revenue derived from nationally recognized and regionally dominant brands including Five Guys, Synovus Bank, Bonefish Grill, Tampa General, Cold Stone and Smoothie King. Serving a high-income and growing resident base, Trinity Village Center offers investors a rare opportunity to acquire a stable, high performing assets with outstanding mark to market potential.
Investment highlights
- Outstanding mark-to-market opportunity as nearly 50% of GLA expires by 2032 and is on average 55% below market
- Average in-place base rent at the Property is less than $26 PSF, compared to nearby rent comparables in the mid-$40 PSF to mid-$50 PSF
- Top performing, best-in-class tenancy mix as over 80% of GLA and revenue is generated by leading national and regional tenants
- Owned outparcels include top-performing, low rent Bonefish Grill and multi-tenant building including Synovus Bank & Tampa General
- Beneficial recent capital enhancements as main roof systems are new as of 2024
- Located in Trinity, FL – Tampa MSA’s fastest growing affluent community with average household incomes approaching $190,000; and projected population growth of nearly 10% over the next 5 years
- Prime signalized intersection of State Road 54 and Duck Slough Boulevard, combining for over 80,000 vehicles per day
- Located within 6 miles of both US Highway 19 and Suncoast Parkway, providing for ideal connectivity to the entire metro area
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