REIT Sale | Former Fazoli’s | 43K VPD | Busch Gardens Adjacent | Drive Thru

Highlights:

• Freestanding Former Restaurant w/Drive-Thru (Former Fazoli’s) Available at Significant Discount Below Replacement Cost
• Located Across from Busch Gardens Tampa Bay (4M+ Annual Visitors) with ±43K VPD Traffic Count Frontage on SR-580
• Neighboring National Retailers: Publix, McDonald’s, KFC, Olive Garden, Taco Bell, Dunkin, Chick-fil-A and more
• Demand Drivers: Adventure Island, University of South Florida, Moffitt Cancer Center, PepsiCo Bottling, Hospitality
• Dense Demographics with ±301K People and Annual Household Income of ±$71K within a 5-Mile Radius
• Zoned PD, Planned Development with a Variety of Commercial Uses

Description:

RI Marketplace Online Auction May 5-7, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2417/reit-sale-former-fazoli-s-43k-vpd-busch-gardens-adjacent-drive-thru?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2417

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 4011 E Busch Blvd in Tampa, FL 33617 (the “Property”). Formerly occupied by Fazoli’s, the Property is being offered significantly below replacement cost, creating an exceptional opportunity for owner-users or investors to acquire a high-visibility commercial asset directly across from Busch Gardens Tampa Bay with substantial value enhancement potential.

Built in 2001, the Property features a ±4,015 SF free-standing building on a ±0.93-acre lot, offering 44 surface parking spaces and ±202 feet of frontage along E Busch Blvd (SR-580). The site sits directly across from Busch Gardens Tampa Bay and benefits from excellent visibility across from a designated parking lot ensuring steady consumer traffic. The existing infrastructure includes a drive-thru and is an ideal candidate for restaurant re-use or redevelopment into retail, quick-service, or other commercial uses. Positioned on a hard corner, the Property offers multiple points of ingress/egress and features a pylon sign for maximum visibility. Previously occupied by Fazoli’s on a NNN lease, the Property presents a strong value-add opportunity, allowing investors to lease-up at long-term market rates (CoStar estimated retail rents: $18–22/SF NNN). Zoned PD (Planned Development), the site allows for a variety of uses, providing flexibility for redevelopment and repositioning.

The Property is located in Tampa, Florida, a major commercial and tourism hub in the Tampa Bay MSA, strategically positioned along E Busch Blvd (SR-580), one of the city’s busiest retail corridors with ±43,885 vehicles per day (VPD). This former Fazoli’s restaurant sits directly across from Busch Gardens Tampa Bay, a world-renowned theme park that attracts over 4 million visitors annually, creating consistent retail demand and high foot traffic. The Property benefits from a high-exposure location and proximity to University Mall, Adventure Island Water Park, and the University of South Florida (USF), which enrolls 50,000+ students. The surrounding trade area is anchored by national and regional retailers, including Publix, Walgreens, McDonald’s, Chick-fil-A, Olive Garden, Dunkin’, Dollar General, and AutoZone, reinforcing strong consumer spending and daily traffic patterns. The area is also home to several major hotels, catering to tourists, business travelers, and local visitors, further boosting demand for restaurant and service-oriented businesses. The Property is positioned within a very dense trade area with over ±301,912 residents, with an average household income over $71k (5-mi). Additionally, the expanded 10-mile population boasts over ±750k residents and the Tampa Bay MSA boasts a population of over 3.3M, making it one of Florida’s fastest-growing metro areas. With ongoing development, a thriving tourism sector, and a dense retail corridor, this location presents an outstanding opportunity for investors and owner-users seeking long-term value in the Tampa market.

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