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Trout Creek Commons

20304 Trout Creek Drive | Tampa, FL 33647

Highlights

  • 100 Percent Occupied Shopping Center Anchored by Burger 21

  • Exceptional Location on Bruce B Downs Boulevard 69,000 Vehicles Per Day

  • High Income Area $107,000 Average Household Income within Three-Mile Radius

  • Located Where Tampa Meets Wesley Chapel

  • One of the Fastest Growing Areas in the Country

Contact Brokers

James Garner

Senior Investment Advisor
James.Garner@MarcusMillichap.com
(O) 813.387.4796
FL #SL3273659

Jim Shiebler
Senior Investment Advisor
Jim.Shiebler@MarcusMillichap.com
(O) 239.340.7811
FL #SL3347780

Description

Marcus & Millichap is pleased to exclusively offer for sale Trout Creek Commons, a fully stabilized 7,992-square-foot shopping center with staggered lease expirations located in Tampa, Florida. This provides an investor with a long-term, passive income stream that effectively hedges against any potential future turnover of the multi-tenant inline spaces. Trout Creek Commons benefits from a high traffic count of over 69,000 vehicles per day on Bruce B Downs Boulevard and is surrounded by many national retailers such as Sams Club, Starbucks, Panera Bread, Publix, Bonefish Grill, Target, Marshalls, LA Fitness, Winn Dixie, Walgreens, CVS, Walmart Supercenter, and AutoZone among many more. Trout Creek Commons is also just three miles from the Shops at Wiregrass Mall, an 850,000-square-foot open-air lifestyle center anchored by Dillards, Macys, J.C. Penney, and Barnes and Noble.

The subject property is situated in the New Tampa/ Wesley Chapel area, one of the Tampa MSAs most desirable suburbs and one of the fastest growing areas in the United States. With an average household income of over $107,000 within a three mile radius of the subject property, this area is the destination of choice for many national retailers looking to meet the demands of a rapidly growing, affluent population. In fact, there are two Publix Supermarkets on Bruce B Downs Boulevard to the North and South of the subject property less than three miles from one another. Wesley Chapel is currently undergoing a construction boom that has seen thousands of houses built over the last five years with recent expansion including two malls, a college campus, multiple luxury car dealerships, and an ice hockey rink. One of the most recent additions is the nations first Crystal Lagoon, a seven and one-half acre man-made body of turquoise water and the main attraction of a new 2,000-home neighborhood being developed around Epperson Ranch. The lagoon is the first of its kind in the United States and is modeled after similar lagoons constructed in Egypt and Dubai.

Location

Located in the heart of the New Tampa/Wesley Chapel area, Trout Creek Commons is perfectly positioned to benefit from the growth of the surrounding area as the suburb continues to be transformed into a more city-like environment. With long-term leases and built-in rental increases, an investor can expect to receive a stable return over the next decade while capitalizing on the appreciation of the property as the area continues to grow.