1504 SW 74TH Drive

Description

Net Lease Investment Offering. NOI is $79,716, Offered at a 6.64% cap rate. Long term leases in place, with 7+/- years remaining term. Minimal Landlord responsibilities. Tenants responsible for all building expenses excluding maintenance of structural elements, which is anticipated to be minimal due to the age of the structure (2023). Current tenants, Marco's Pizza and Grand Oaks Nail Salon, underscore the property's appeal with stable, experience-driven operators. Located within the thriving Markets West Commercial Park, this multi-tenant site at 1504 SW 74th Drive benefits from excellent visibility just off SW 75th Street (Tower Road)--a key corridor between Newberry and Archer Road--at a bustling roundabout that provides smooth access into the development. Surrounded by high-income neighborhoods and anchored by strong nearby tenants like O2B Kids, HCA Florida, Sherwin Williams, Elliano's Coffee, and Dollar General, the site enjoys consistent local traffic and regional draw. The area features over 13,000 residents within a 1-mile radius and average household incomes above $100,000, makinng it an ideal location for service-oriented retail. Just 2.5 miles from I-75, the site combines easy access with a community-focused setting.