Tap into the immense economic power of Tampa and become a prominent fixture of this flourishing market with this sale or lease opportunity for a high-end car dealership.
4636 N Dale Mabry Highway is a 54,154-square-foot auto dealership sitting on a 6.73-acre lot. It comprises a showroom, offices, a repair shop with 12 lifts and room for another 24, and an additional office building. The newly renovated property recently saw $3.3 million in tenant improvements and has over $1.5 million in furniture, fixtures, and equipment (FF&E). 4636 N Dale Mabry Highway is a highly recognizable property with its signature exposed roof beams canopying the all-glass showroom area and a vibrant digital sign to draw customers from this intensely trafficked location.
This portion of N Dale Mabry Highway is already an established automotive thoroughfare with a Mercedes-Benz, Infiniti, Toyota, Nissan, Lexus, Ford, and multiple used or specialty vehicle dealerships within five minutes on the same road. Other nearby destinations include the Tampa Bay Buccaneers Raymond James Stadium, Tampa Bay International Airport, the International Plaza, Bay Street Mall, and the Tampa Tarpon baseball stadium.
Tampa's retail market has performed extremely well over the past several years as new brands and expanding existing tenants look to benefit from its explosive population growth. Tenants are absorbing space quickly, and the development pipeline is well leased. This imbalance between supply and demand has pushed the market's vacancy rate to its lowest level in over a decade, at just 3.1%, significantly below the national average. Tampa's economy has remained resilient in recent years and remains one of the strongest in Florida. Job and population growth have been the leading indicators of the market's success. Over the past decade, Tampa's population has increased by over 412,000 people, approximately 790 new residents per week.
