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8365 Northcliffe Blvd, Spring Hill, FL, 34606

Northcliffe Center
$8,164,000

Key Information

Cap Rate
6.94%
$ per SF
$178
Lot Size
5 Acres
Units
9
Year Built
1990/1995
Type
Shopping Centers
Occupancy
100%
NOI
$566,870
Leasable Area
45,818

Highlights

  • 100% Occupied: Fully leased, medical-anchored neighborhood center comprised of 9 tenants delivering stable in-place income from day one, with embedded upside through active asset management.
  • Short Term/Gross Leases: Seven of nine tenants operate under gross lease structures with zero renewal options, providing future flexibility to restructure lease type and improve expense recovery over time.
  • Institutional Healthcare Anchor: Anchored by Tampa General Medical Group, a nationally recognized health system providing necessity-based traffic, long-term stability, and strong credit tenancy that enhances the overall investment profile.
  • Service-Oriented Tenant Mix: A complementary blend of medical, food service, and home improvement users generates daily needs-based traffic and cross-shopping synergy, reinforcing long-term occupancy and tenant durability.
  • Out-Parcel Potential: Included 0.8-acre outparcel presents a rare opportunity for ground lease development, pad sale, or build-to-suit, offering immediate value capture or long-term yield enhancement.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # CQ1066435, BK3554632 (FL)
Matthews
1600 West End, Ste. 1500 Nashville, TN 37203