Leasehold Amscot | Tampa, FL

Amscot
160 West Fletcher Avenue, Tampa, FL, 33612, USA

Sands Investment Group is Pleased to Exclusively Offer For Sale the Amscot NNN Property Located at 160 West Fletcher Avenue in Tampa, FL. This Deal Includes a Leasehold Investment Opportunity With Amscot Financial as Tenant, Providing High Returns and the Potential For Full Depreciation Due to the Leasehold Nature of the Investment, Ensuring a Secured Investment.

  • Leasehold Investment Opportunity With Amscot Financial as Tenant
  • High Return and Ability For Full Depreciation Due to Leasehold Nature of Investment
  • Strong Tampa Location / Income Tax Free State
  • Long-Term Ground Lease Position – Nearly 70-Years Including Option Periods
  • Property Sits as an Outparcel to a Major Shopping Center Anchored By Harbor Freight and Save-A-lot With 52K Monthly Visits (Placer.Ai) on a Primary Retail Arterial in the Trade Area
  • High Traffic Location – Located Adjacent to Interstate 275 Which Sees 136K VPD (FDOT)
  • Long Term Operating History at this Location Since 2005
  • Destination Retail Location With Neighboring Tenants Including: Harbour Freight Tools, Winn Dixie, Save-A-Lot, Family Dollar
  • Within a Close Proximity to the University of South Florida Which Has Over 50K Students Enrolled
  • Below Market Rent With Future Upside
  • Sits on a Heavily Trafficked Road With 43K VPD
  • Extremely Dense Trade Area With Nearly 299,000 Residents Within 5- Miles

In Cooperation With SIG RE Services, LLC – Lic. #CQ1055229 BoR: Andrew Ackerman – Lic. FL #BK3369953

Amscot
160 West Fletcher Avenue, Tampa, FL, 33612, USA

AMSCOT

Founded in 1989, Amscot Financial employs more than 1,500 Floridians at over 230 retail branches and the company’s corporate headquarters in Tampa. The company currently operates retail locations in Alachua, Brevard, Broward, Citrus, Duval, Flagler, Hardee, Hernando, Highlands, Hillsborough, Lake, Lee, Manatee, Marion, Miami-Dade, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Sarasota, Seminole, St. Lucie, and Volusia counties. Amscot is expanding into St. Johns and Leon counties in 2025.

Price

SOLD

Cap Rate

10.00%

PREMISES

2,500 SF

RENEWAL OPTIONS

Varies

Lease Expiration

Varies

Lease Type

NNN

RENTAL INCREASES

10% Increase Every 5 Years

BROKERS

Daniel Hoogesteger
Nashville
Grant Mogerman
Fort Lauderdale
Andrew S. Ackerman
Atlanta

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