Lease includes fixed 3% annual rent escalations throughout the remaining primary term and option periods, supporting predictable income growth and serving as a hedge against inflation.
CoStar indicates current rents are below market. At lease renewal, rent resets to Fair Market Value, offering significant upside potential and increased landlord leverage.
±10,000 SF building featuring ±18-foot clear heights, 11 grade-level doors, situated on a ±1.37 AC parcel with a ±16.76% building coverage ratio.
Leased to The Goodyear Tire & Rubber Company (NASDAQ: GT), one of the largest global tire manufacturers with operations in over 20 countries, providing a creditworthy and stable tenancy.
Location:
Strategically positioned within the Tampa–St. Petersburg–Clearwater MSA, one of Florida’s fastest-growing metropolitan regions with a population exceeding ±3.3 million population.
Immediate access to US-19, I-275, and the Bayside Bridge ensures efficient regional connectivity across the Tampa Bay area.
Located within ±10 miles of St. Pete–Clearwater International Airport, ±15 miles from Tampa International Airport, and near Port Tampa Bay, a major Florida seaport supporting industrial and logistics demand.
Surrounded by established business parks and industrial zones, drawing from a broad and diverse labor pool that sustains ongoing commercial and service-related demand.
The property benefits from favorable demographic trends, including sustained population growth, strong income levels, and a healthy residential market.