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701 North Dale Mabry Highway Tampa, Florida for More Information Contact: Andrew Cohen | 310.402.0211 | Acohen@Pegasusinvestments.Com - Retail Space for Lease in Brand New Development - 701 North Dale Mabry Highway Tampa, Florida For More Information Contact: Andrew Cohen | 310.402.0211 | [email protected] Proposed Rendering Leasing Agent Andrew Cohen Adam Slutzky Senior Associate - Leasing Broker of Record [email protected] LIC # BK3348791 (FL) O 310.402.0211 LIC # 01996379 (CA) Content 4 The Development 8 The Market Area 10 The Location For More Information Contact: Andrew Cohen | 310.402.0211 | [email protected] 3 The Development Site Plan Property Highlights • Ample parking - more than required • Property is situated on the morning commute side of North Dale Mabry Highway, which sees traffic counts in excess of 65,000 ADT • Terrific street visibility provides unparalleled signage opportunities • Build-to-suit opportunities with both inline and outparcel spaces • Outdoor patio seating, ideal for casual dining or quick service restaurants Space Available for Lease SF Type Rate/SF Term Space A ± 3,600 Restaurant $48 - $69 Negotiable Space B ± 5,000 Retail $48 - $69 Negotiable Space C ± 3,500 Restaurant $48 - $69 Negotiable Space D ± 3,500 Retail $48 - $69 Negotiable Space E ± 3,500 Restaurant $48 - $69 Negotiable Proposed Rendering 4 Pegasus Downtown Tampa Coming Soon 4 Miles I-275 Trac Counts ± 250,000 ADT Subject Location Highlights • Tampa is one of the fastest growing cities in America • Adjacent to the $500M Midtown Tampa development – a brand new 1.8M SF project with 240,000 SF of retail and entertainment space, 750,000 • Located in the Tampa Bay area’s largest commercial market, the Westshore SF of Class A office space, 400 condos and apartments and a 225 room district, along Dale Mabry Highway, one of the most sought after retail boutique hotel corridors in the Greater Tampa Metro Area • Less than 2 miles to Raymond James Stadium, home of the Tampa Bay • 0.25 miles to I-275 on-ramp with traffic counts in excess of 250,000 ADT Buccaneers • 4 miles to Tampa International Airport, which recently underwent a $1B renovation For More Information Contact: Andrew Cohen | 310.402.0211 | [email protected] 5 Site Profile 701 North Dale Mabry Highway Address Tampa, FL 33609 Parking Spaces ± 161 Surface Spaces APN A-21-29-18-3LF-000000-00113.0 Parking Ratio 8.5 : 1,000 SF Zoning CI Frontage To be confirmed Gross Leasable Area ± 19,100 SF Delivery Negotiable Lot Size ± 2.71 Acres (118,047 SF) Year Built New Construction Availability 2019 St. Joseph’s Children’s Hospital Downtown Tampa 4 Miles Coming Soon Subject 6 Pegasus Development Highlights • Approximately 19,100 SF of retail and restaurant space • Approximately 161 parking stalls - more than required by the city • Street-front opportunities and fantastic visibility • Walking distance to Midtown Tampa development • Urban oasis with open spaces and ample patio Proposed Rendering Property Demographics Population 1-Mile 3-Mile 5-Mile 2018 Estimate 15,365 99,110 244,739 Growth 2010 - 2018 28.69% 12.54% 13.47% Households 1-Mile 3-Mile 5-Mile 2018 Estimate 7,028 46,472 103,714 Growth 2010 - 2018 28.46% 12.40% 13.25% Income 1-Mile 3-Mile 5-Mile 2018 Est. Average $74,410 $89,275 $80,947 Household Income For More Information Contact: Andrew Cohen | 310.402.0211 | [email protected] 7 The Market Area Tampa, Florida Located on the west coast of Florida on Tampa Bay, Tampa is the largest city in the Tampa-St. Petersburg-Clearwater Metropolitan Statistical Area and is the third most populous city in the state. Tampa has historically been a melting pot for all cultures, and today remains a welcoming place for those relocating to the sprawling and diverse Tampa Bay region. The last two decades have shown consistent annual population growth in Tampa as people continue to flock to the city, drawn to its pleasant tropical weather, appealing job opportunities, abundance of recreational activities, and city life. Downtown is now packed with young condo residents, and with them a crop of new fusion-cuisine dining options, craft cocktail and beer bars, and regular festivals, concerts and events hosted in the well-kept Curtis Hixon Park. Tampa is the ideal North American destination to provide businesses with access to Latin America and the growing markets of the southeastern United States. The city’s economy is founded on a diverse base that includes tourism, agriculture, construction, finance, health care, government, technology, and the port of Tampa. Home to Fortune 500 companies such as Amgen, Johnson and Johnson, and Bristol Meters Squibb, Tampa has been a leading city for job growth in Florida over the past few years. “The Tampa Bay area jumped more than 120 spaces in a ranking of the top 300 expanding metropolitan areas worldwide.” - Tampa Bay Business Journal 8 Pegasus City and Economic Development WATER STREET PROJECT $3B, 50-Acre Development Downtown has become one of the focal points for investment in Tampa as the 2M SF Office Space, 1M SF city works to change its economic focus from the service and real state sectors Retail/Entertainment, 3,500 to be a new urban based economy that is appealing to young professionals Residential Units, 2 Hotels and tech workers. In an effort to revitalize its downtown, the city has allocated substantial capital investment and energy into its riverfront. An estimated $13B of incoming RIVERWALK PLACE investment is propagating a wave of large scale construction projects such as $350M, 33 Stories of the Water Street Development and Riverwalk Place. Condominiums, 10 Stories of Office Space For More Information Contact: Andrew Cohen | 310.402.0211 | [email protected] 9 The Location Westshore District Westshore: Tampa’s principal business district and the center of activity not only in the Tampa Bay region, but also on all of Florida’s west coast, boasts the largest office market in Florida and a vibrant retail scene. As the entrance way to Tampa from the two major bridges connecting to Clearwater and St. Petersburg, Westshore’s ideal location has allowed for its emergence as the largest commercial market in the Tampa Bay region. The district encompasses an estimated 10 square miles and features more than 12.75M SF of commercial office space, 6M SF of retail, 262,000 SF of meeting space, 4,000 businesses, 39 hotels, the Tampa International Airport, two regional malls – Westshore Plaza and the upscale International Plaza and Bay Street – and the Raymond James Stadium. In addition to its daytime employee population of 100,000, this most western Tampa neighborhood is also home to a growing number of 15,000 full-time residents. “The Westshore District is ‘red hot’.” - Bob Thollander, Bainbridge Companies There has been a myriad of residential, commercial and mixed-used development in this unique submarket over the last several years. Since 2009, more than 3,300 residential units have been built in Westshore and 1,300 additional units are currently planned or under construction. Meanwhile, over 3M SF of planned office spaces sits on 11 shovel- ready sites. 10 Midtown Tampa Development Midtown Tampa is a 22-acre mixed-used project venture by Bromley Companies at the intersection of Interstate 275 and North Dale Mabry Highway in Westshore. Already underway as Tampa’s first urban high-density mixed-use development, Midtown will deliver 1.8M SF of retail, residential, office, entertainment and hospitality just a block from the subject. The neighborhood changing project has been hailed as the catalyst for an entirely new district connecting Westshore and downtown Tampa. Architectural Rendering - Midtown Whole Foods Market Inc. has committed to move its existing Tampa flagship store at the nearby Walters Crossing shopping center to Midtown. Bromley is targeting restaurants, fitness studios, boutiques, a wine bar and potentially outdoors store REI to fill the remaining retail space. Scheduled for completion in 2020, Midtown Tampa will redefine a neighborhood and become one of the most popular destinations in the region. 240,000 SF Retail Space 750,000 SF Commercial/Office + 400 Architectural Rendering - Midtown Residential Units For More Information Contact: Andrew Cohen | 310.402.0211 | [email protected] 11 - Retail Space for Lease in Brand New Development - 701 North Dale Mabry Highway Tampa, Florida Leasing Agent Andrew Cohen Senior Associate - Leasing [email protected] O 310.402.0211 LIC # 01996379 (CA) Adam Slutzky Broker of Record LIC # BK3348791 (FL) CONFIDENTIALITY & DISCLAIMER STATEMENT The information contained in this Leasing Package is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Pegasus Investments and should not be made available to any other person or entity without the written consent of Pegasus Investments. This Leasing Package has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Pegasus Investments has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition of the business prospects of any tenants, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Leasing Package has been obtained from sources we believe to be reliable; however, Pegasus Investments has not verified, and will not verify, any of the information contained herein, nor has Pegasus Investments conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.
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