December 27, 2024 – Michael Talbert and Dan Bernardini of Horvath & Tremblay have successfully completed the sale of a Jimmy John’s in Tampa, Florida. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $1,664,000.
Jimmy John’s is located at 4248 South Dale Mabry Highway in Tampa, Florida. Constructed in 2011, Jimmy John’s occupies a 2,062 square foot single tenant building on a 0.48-acre parcel of land. Jimmy John’s is operated by a franchisee with more than 75 units and there are over 9 years remaining on their Absolute NNN lease with two (2), 5-year renewal options. The lease features an attractive 10% rental increase in year 6 and 2.5% annual rent increases throughout the renewal options. The Property is situated at a signalized intersection along S. Dale Mabry Highway, the area’s primary commercial corridor in the South Tampa district, offering excellent accessibility for both pedestrian and vehicular traffic. The property is located on an outparcel to a Lowe’s Home Improvement store, enhancing its visibility and benefiting from the steady flow of customers to the adjacent retailer. The Property is surrounded by national retailers and restaurants that drive traffic to the area as well as densely populated residential neighborhoods and residential developments that provide a built-in customer base.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.