10289 Ulmerton Road
NNN Investment Opportunity | 5.85% CAP | 16,000 SF
Marketing description
10289 Ulmerton Road is a premier 100% occupied NNN retail center in the Tampa Bay MSA, offered at $9,091,000 (5.85% cap rate) with a projected 2027 NOI of $531,849.
The property features three recession-resistant national brands, including Mattress Firm, which has operated at this site for 23 years and recently signed a 5-year extension with a 42% rent increase. This demonstrates a powerful long-term commitment to a location already surrounded by elite national anchors like Target, Home Depot, and Publix.
The roster, including two publicly traded entities, benefits from staggered lease expirations through 2033 and rent bumps built in. Positioned on a high-traffic corridor (69,500 VPD), this asset combines secure, immediate cash flow with exceptional real estate fundamentals in one of Tampa Bay's most active commercial hubs.
Investment highlights
- Premier 100% occupied NNN retail center in the Tampa Bay MSA
- Offered at $9,091,000 (5.85% cap rate) with a projected 2027 NOI of $531,849
- Features three recession-resistant national brands
- Location surrounded by elite national anchors like Target, Home Depot, and Publix
- Staggered lease expirations through 2033 and rent bumps built in
- Positioned on a high-traffic corridor (69,500 VPD)
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
