Tampa, Florida, is a prime location for investing in shopping centers, with a diverse economy driven by tourism, healthcare, finance, and technology. With a population of around 398,173, Tampa offers a large and stable consumer base for shopping centers. Shopping centers in Tampa can represent a range of investments, from strip centers and community centers to power centers and regional malls. These properties often feature a mix of local and national retailers,restaurants, and services, making them attractive to investors seeking a stable source of income. Tampa's strong infrastructure, including its international airport, seaport, and extensive highway system, supports the growth of shopping centers. The city's amenities, such as Busch Gardens Tampa Bay, Adventure Island, and the Florida Aquarium, also contribute to its appeal as a shopping destination. Additionally, Tampa is home to several major employers, including Suncoast Credit Union, Bloomin' Brands, and WellCare, which helps to drive consumer spending.
Tampa's shopping centers offer a unique blend of local character and national brands, making them an attractive option for investors. With 7 shopping centers for sale in Tampa, investors have a range of options to choose from. The average price per square foot for shopping centers in Tampa is $211 USD, with an average size of 47,087 square feet. The largest shopping center available in Tampa spans 142,350 square feet. Restaurants, specialty properties, land, and office properties are also available in Tampa, offering investors a range of options to diversify their portfolios. Restaurants in Tampa benefit from the city's strong tourism industry, while specialty properties, such as those in Ybor City, offer a unique blend of culture and commerce. Land and office properties in Tampa are also in high demand, driven by the city's growing economy and population. Overall, Tampa's shopping centers offer a compelling investment opportunity, with a strong economy, diverse range of properties, and attractive amenities.
What is the average cap rate for shopping centers in Tampa?
The average cap rate for shopping centers in Tampa is 7.22%, making it an attractive investment opportunity for those looking to capitalize on the city's strong retail market, which is supported by a diverse economy and a population of around 398,173.
