SRS Real Estate Partners Completes $4.77 Million Retail Center Sale in Tampa Submarket

SRS Real Estate Partners has completed the $4.77 million sale of Central Ridge Plaza, a fully occupied retail center located in the Tampa submarket of Lecanto, Florida. The 10,800-square-foot property, consisting of two buildings, achieved a closing cap rate of 6.27% and features four national tenants: Sketchers, Firehouse Subs, Marco's Pizza, and Hair Cuttery. The transaction represents the continued strength of retail real estate investments in Florida's growing markets.

The property's significance lies in its recent construction and favorable lease terms. Built in 2024, Central Ridge Plaza features all new tenant leases with scheduled rental increases, providing the new Orlando-based investor group with predictable income growth. SRS Capital Markets Associate Connor Barton noted that the property offers "limited landlord responsibilities and a low-management investment in a state with no income tax," making it particularly attractive to investors seeking yield and diversification. This combination of factors demonstrates why Florida retail properties remain in high demand among institutional and private investors alike.

Central Ridge Plaza's location within a larger retail development enhances its investment appeal. The property is part of a shopping area that includes major anchors like Walmart Supercenter and Hobby Lobby, and sits directly across from the new 29-acre Shoppes at Black Diamond development anchored by Target. This strategic positioning within established retail corridors provides stability and growth potential for the new owners. The transaction was handled by SRS Capital Markets professionals Connor Barton, Senior Managing Principal Patrick Nutt, and Executive Vice President & Principal William Wamble, who represented the Florida-based private developer seller.

The sale occurs amid robust activity for SRS Capital Markets, which has completed more than $1.7 billion in deal volume comprising over 500 transactions nationwide this year. The firm currently markets more than 845 properties valued at over $3.7 billion, indicating strong momentum in commercial real estate transactions. For more information about SRS Real Estate Partners' services and portfolio, visit https://srsre.com. This transaction underscores the ongoing investor preference for modern, fully leased retail properties in tax-advantaged markets with strong demographic support.