Tampa, FL - Lightbridge Academy
$7,452,000
8525 Montague St, Greater Northdale, FL 33626
6.25
Cap Rate
465,750
NOI
Details:
Description:
• The tenant recently signed a brand new 15-year lease with 2 (5-year) options to extend
• The lease features 12.5% increases every 5 years and at the beginning of each option, demonstrating NOI and providing a hedge against inflation
• 2026 construction that will feature high quality materials, distinct design elements, and high-level finishes
• The asset is located at the signalized, hard corner intersection of W Waters Ave and Montague St averaging 49,300 VPD
• The nearby retailers include Walgreens, Target, PetSmart, Publix, and more
• The dense residential corridor will provide a direct and convenient consumer base from which to draw
• The asset has excellent visibility and multiple points of ingress/egress
Location
Gallery