The Corner at Westshore II
Closed1810 N Westshore Blvd, Tampa, FL 33607
Property type
Retail
Price
$20,800,000
Building size
27,286 sf
Rentable area
27,286 SF
Year built
2014
Year renovated
Occupancy
Zoning code
Lot size
3.39 Acres
Sold/status
Sold · Date unknown
Sale price
$20800000
Property description
Franklin Street is proud to present The Corner at Westshore II in Tampa, Florida. This is a rare opportunity to acquire the fee simple interest in a multi-tenant shopping center sitting on 3.39 acres of land in prime Hillsborough County, Florida. The Corner at Westshore II – is a 26,476 SF shopping center that was completed in 2014. The tenant mix includes Longhorn Steakhouse (Darden credit corporate ground lease), Pei Wei (corporate guarantee), AT&T (corporate guarantee), Gym Source (corporate guarantee), and Olive Garden (Darden credit corporate guarantee). Located at the signalized intersection of West Spruce Street and North Westshore Boulevard, the property also profits greatly from the robust customer base that is drawn in by the International Plaza Shopping Mall and neighboring national hotel chains such as Hyatt Place, Ramada Hotel, Hampton Inn, DoubleTree, Marriott Hotel, Sheraton Suites, Holiday Inn, Embassy Suites, Extended Stay, Springhill Suites, and many others. Renowned restaurants and retail tenants near the property include: Eddie V’s Prime Seafood, Ruth’s Chris Steakhouse, The Capital Grille, Starbucks, and Lifetime Fitness, to name a few. The Tampa market continues to develop and expand at a rapid rate, with a wealthy surrounding base of citizens, having an estimated average household income of $102,865 in a ten-minute drive time radius of the property. The Corner at Westshore presents a savvy investor with the ability to benefit from a stable and cash-flowing shopping center in a tax-free state. The Subject Property is also located only half a mile away from Interstate 275, which experiences traffic counts of 168,500 vehicles per day, and provides easy access to the entire Tampa Metropolitan Area.
Property highlights
- Trophy Corner Asset - Best Corner in Tampa located on 3.39 acres of land
- The site has excellent exposure, signage, and is located on signalized corner of West Spruce Street and North Westshore Boulevard – totaling traffic counts exceeding 80,000 vehicles per day
- Shopping center constructed in 2014
- Strong demographics – estimated household income of $102,865 within a 10-minute radius of the subject property
- Located across the street from International Plaza Shopping Mall anchored by Neiman Marcus and Nordstrom and containing 954,000 rentable square feet driving consumer traffic to the trade area
- Adjacent and surrounding national tenants include: The Container Store, BankUnited, Loli's Mexican Cravings, Sleep Number, Hyatt Place, Double Tree, Sheraton Suites, Eddie V’s Prime Seafood, Starbucks, Marriott, Ruth’s Chris Steakhouse, The Capital Grille, and Lifetime Fitness, amongst others
- Less than two miles from Tampa International Airport, and walking distance to Old Tampa Bay