Memorial Square

Tampa, Florida

Shadow Anchored Retail Strip Center

  • $3,450,000

    ASKING PRICE

  • $241,538

    NOI

  • 7.00%

    CAP RATE

  • 17,750

    SF

  • $194.36

    $/SF

Highlights


Memorial Square is located on the west side of Hillsborough County in the Town ‘N’ Country sub-market. The Town ‘N’ Country submarket is a strong market, highly dense with population and heavily commuted as it is a main artery into core downtown Tampa as well as Pinellas Coun-ty, and the Westshore Business district. The Property is conveniently lo-cated on the Southwest Quadrant of the signalized intersection of Me-morial Highway (46,000 AADT) and West Hillsborough Ave (62,000 AADT). The Center is shadow anchored to Home Depot and is adja-cent to Walgreens, Dunkin Donuts, T-Mobile, UPS Store, SunTrust, Tropical Smoothie and Sprint. The trade area of this retail corridor is extremely strong with a Publix Shopping Center directly to the north and Aldi, Har-bor Freight, CVS, Ross, Dollar Tree and Starbucks to the east, all within 1,000 ft of this plaza. Memorial Square has full access and direct sign-age to both Memorial Highway and Hillsborough Ave.

The Property is centrally located approximately five miles from Tampa International Airport, which serves about 20 million passengers each year and employs 7,000 people. Several schools are near the property, including Berkeley Preparatory School, which has a total enrollment of 1,340 students. The area has a strong daytime population, with 117,105 daytime employees working within a five-mile radius of the property. Additionally, the property is surrounded by dense residential neighbor-hoods, with 153,449 residents with an AHHI of $77,621 living within five miles of the property, providing a large customer base.

Aerial Overview

Get Financing

Contact Us

Jeffrey Dervech, CCIM President
(813) 766-9639
jdervech@dervechre.com

© 2024 Dervech Real Estate, Inc.