South Cedar Real Estate is pleased to present the sale of a newly repositioned NNN retail asset located at 418 N. Dale Mabry Highway in Tampa, Florida. This property has recently undergone a comprehensive exterior and site transformation, creating a modernized retail investment positioned for long-term performance along one of Tampa’s most heavily traveled corridors, benefiting from traffic counts exceeding 46,000 vehicles per day.
Recent capital improvements include a complete façade renovation, new roof installation, stucco restoration, new awnings, upgraded landscaping, an updated monument sign with LED lighting, and the repaving of both parking lots. Additional site enhancements include the creation of new parking spaces within the right-of-way and the installation of a concrete slab over the existing retention pond, significantly improving the functionality and usability of the property.
The asset is currently occupied by two tenants, Divers Direct and Encore Imaging, both operating under NNN lease structures that provide stable in-place income with minimal landlord responsibilities. The recent renovations and tenant occupancy position the property as a stabilized, low-management investment opportunity within a highly visible and well-trafficked retail corridor.
Strategically located along North Dale Mabry Highway, the property benefits from exceptional accessibility, strong surrounding demographics, and proximity to a dense concentration of retail, dining, and residential development. This offering presents investors with the opportunity to acquire a fully repositioned retail asset in one of Tampa’s most established commercial corridors, with continued long-term upside and durable tenant demand. Management fees are reimbursable with CAM.