OFFERING MEMORANDUM Sherwood Forest Center 10915 N 56th Street Tampa, FL 33617 re Presented by Doyle & McGrath Real Estate 19005 N Dale Mabry Hwy, Lutz, FL 33548 www.doylemcgrath.com 813.376.5369
SHERWOOD FOREST CENT E R PROPERTY Doyle & McGrath Real Estate is proud to present the sale of SHERWOOD FOREST CENTER, a 41,468 SF multi-tenant shopping center located in the Temple Terrace sub-market. LOCATION OVERVIEW Sherwood Forest is centrally located in Temple Terrace, with easy access to all major highways. High visibility, pylon signage and abundant parking provide a profitable location with 507 feet of frontage, including 3 curb cuts, on the 56th Street corridor. The City of Temple Terrace, with a population of 25,000 is incorporated within Hillsborough County, and is located North of Tampa between 3 major interstate highways: I-4, I-75 and I-275. This ideal location puts the city close to the Tampa/St. Petersburg metro areas, but also within a short driving distance to Orlando and the Sarasota beach areas. ADDRESS 10915 N 56th Street, Tampa, FL 33617 BUILDING 41,468 SF LAND 3.90 Acres YEAR BUILT 1974 OCCUPANCY 77% ZONING CG TRAFFIC COUNTS 35,000 NOI $385,712 CAP RATE 8.39% OFFERING PRICE $4,600,000 Adjacent to Temple Terrace is the University of South Florida, the secondlargest university in the Southeast. Temple Terrace residents also have convenient access to the region's finest medical facilities, cultural activities and sporting events. LEASING This well-established neighborhood center has an ideal mix of office and retail tenants. MARKET: Tampa / St Petersburg / Clearwater, FL SUBMARKET: Northeast Tampa / North Hillsborough
SHERWOOD FOREST CENT E R DEMOGRAPHICS Population 1 Mile 3 Mile 5 Mile 2017 Total Population: 16,171 105,652 225,220 2022 Population: 17,346 113,056 241,855 Pop Growth 2017-2022: 7.27% 7.01% 7.36% Average Age: 36.2 33.9 35.1 Households 2017 Total Households: 6,707 42,578 88,5615 HH Growth 2017-2022: 7.1% 7.07% 7.32% Median Household Income: $39,488 $35,479 $33,199 Average Household Size: 2.4 2.3 2.4 Housing Median Home Value: $187,013 $143,856 $131,981 Median Year Built: 1979 1982 1979 TRAFFIC COUNTS Collection Street Cross Street Traffic Volume Distance N 56th Street Maroldy Drive 35,000.4 mi N 56th Street Plaza Way 34,000.37 mi E Fowler Ave N 52nd Street 60,500.51 mi E Fowler Ave N 50th Street 62,000.72 mi
SHERWOOD FOREST CENT E R FINANCIAL OVERVIEW MONTHLY ANUALIZED Effective Gross Income $46,821.25 $561,855 Expenses Electric $1,874.25 $22,491 Water & Sewer $2,512.25 $30,147 Porter Service $900 $10,800 Repairs & Maintenance $1,251.67 $15,020 Pest & Termite Control $190 $2,280 Landscaping Maintenance $400 $4,800 Fire Alarm Monitoring $93.92 $1,127 Property Insurance $1,834.83 $22,018 Real Estate Taxes $5,364.67 $64,376 Accounting & Legal $50 $600 Advertising $134 $1,608 Wire Fees $15 $180 Payroll Tax $58 $696 TOTAL EXPENSES $14,678.58 $176,143 NET OPERATING INCOME $32,142.67 $385,712
CITRUS FALLS COMMONS INSERT AERIAL PHOTO WITH NEARBY BUSINESSES SHERWOOD FOREST CHARTER SCHOOL
OFFERING MEMORANDUM Sherwood Forest Center 10915 N 56th Street Tampa, FL 33617 re
Temple Terrace is a suburb of Tampa, located on Tampa Bay along Florida s Gulf Coast. A major business center, it s also known for its museums and other cultural offerings. Busch Gardens is an African-themed amusement park with thrill rides and animal-viewing areas. The historic Ybor City neighborhood, developed by Cuban and Spanish cigar-factory workers at the turn of the 20th century, is a dining and nightlife destination. re
PRESENTED BY: 19005 N Dale Mabry Hwy Lutz, FL 33548 Office: 813.948.7368 John Doyle, Broker 813.376.5369 john@doylemcgrath.com Maggie McGrath, Broker 813.420.6676 mag@doylemcgrath.com This information is considered accurate, but not guaranteed. Doyle & McGrath Real Estate, LLC has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than Doyle & McGrath Real Estate, LLC and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses, and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information herein is subject to change. re