Strawberry Hill Shopping Center

• Fully Stabilized, 100% Occupied: The center is 40,919 SF and fully leased across 11 suites, with a Year 1 NOI of ~$417K.
• Grocery Anchor with Long-Term Commitment: California Market occupies 13,090 SF (32% of GLA) on an NNN lease through 8/31/2031 with 2 x 5-year options. The grocer drives daily traffic to the center and gives it a durable anchor in a high-need category.
• Locked-In Rent at Low Basis: Between the grocery anchor and Mikey’s Place (5,722 SF, NNN through 12/31/2030, 2 x 5-year options), about 43% of base rent is committed through 2030–2031.
• NNN Structure with Strong Reimbursements: Nine of 11 leases are NNN, with $220K (~$4.72 PSF) of annual expense reimbursements, which limits the owner’s exposure to operating cost increases.
• Mark-to-Market Upside: Several small-shop leases expire over the next 12 to 24 months, and in-line tenants are paying $15.94–$19.11 PSF. That gives a buyer a chance to reset rents.
• Interstate 4 Access and Established Retail Node: The center sits on Baker St (±11,407 VPD), close to the I-4 corridor (±137,783 VPD). Nearby retail and hospitality includes Publix, Wawa, Starbucks, McDonald’s, Chick-fil-A, Hampton Inn, and TownePlace Suites.
• Tampa–Lakeland Growth Market: Plant City is about 19 miles from Tampa and 59 miles from Orlando. It sits within the Tampa–St. Petersburg–Lakeland MSA, which has more than 3 million residents and access to over 34 million consumers within an eight-hour drive.