Tampa, FL - Preserve Walk Collection

Description:

• The 7,400-square-foot property is 100% occupied by three tenants, Cold Stone Creamery, MÜV Cannabis Dispensary, and Paris Baguette, providing a diversified income stream across three retail uses
• The property benefits from approximately 5.6 years of weighted average lease term remaining, with staggered lease expirations through November 2034, reducing near-term rollover exposure
• All three tenants have remaining renewal options, including two five-year options for both MÜV Cannabis Dispensary and Paris Baguette, providing opportunities for continued occupancy beyond their current lease terms
• Cold Stone Creamery has operated at the property since 2004, demonstrating more than 20 years of tenant commitment to the location
• MÜV Cannabis Dispensary and Paris Baguette feature 3% annual rental increases, while Cold Stone Creamery has a scheduled 3.3%increase in August 2027, providing contractual rental growth
• All three tenants reimburse their applicable shares of common area maintenance, real estate taxes, insurance, and management expenses, providing a net lease structure that limits landlord operating expense exposure

• The asset is ideally situated just one block from The Walk at Highwoods Preserve, a 140,000-square-foot community shopping center that attracts more than 2.8 million annual visitors and features an Aldi and AMC Theatres ranking in the top 85th and 76th percentiles nationwide, respectively, along with Sportsman’s Warehouse, HomeGoods, Michaels (per Placer.ai)
• Other nearby national/credit tenants include Lowes, Walmart Supercenter, BJ Wholesale, Home Depot, Ross, and more

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Listing ID: a28TP000003erS6YAI