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38923 Co Rd 54Zephyrhills, FL 33542
Oakview Plaza - Aldi Anchored Center
Asset ClassRetail
Deal Size$6.89 M
Cap Rate: 6.5%Access Data Room
Brand New Aldi Anchored Center
overview of deal

Overview

This exceptional offering features a stabilized, service-oriented retail center anchored by two national credit tenants—Aldi and Archwell Health—each secured on fresh 10-year leases. With 76% of the gross leasable area corporately backed and guaranteed, and a strong weighted average lease term (WALT), investors can count on long-term, reliable cash flow. No CapEx is required thanks to recent roof replacements (2021 & 2024) and $2 million in upcoming Aldi-funded upgrades, including façade improvements, parking lot enhancements, and lighting updates.

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Investment Highlights

National Credit Anchor Tenants

  • Fresh 10 Year Term with Aldi starts 10/1/25.
  • New 10 Year Lease Signed by Archwell Health, Guaranteed by United Health
  • 76% of GLA is Corporately Backed & Guaranteed
  • WALT of 8+ Years

Ability to Expand

  • Capability to support 2.5k - 3k SF or Drive Thru Expansion to Endcap.

Diverse Tenant Mix

  • Both National and Local
  • Grocery, Medical, and service-oriented services.

No Capex Needed

  • New roofs in 2021& 2024
  • $2m in planned renovations from Aldi - Façade enhancement, Parking Lot improvements, & Lighting upgrades planned.

High Growth Submarket

  • 132,000 People with in 15 min. drive
  • Projected 8.5% annual population growth
  • Significant residential and commercial

Excellent Location

  • Rapidly growing submarket within the Tampa MSA
  • Located around other national retailers, such as Walmart, Wawa, & Chick-Fil-A
  • Great Access and frontage on County Road 54
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38923 Co Rd 54Zephyrhills, FL 33542

Advisors

Justin WalkerSenior Director

License #: FL #SL3384090

(954) 487-1097justin.walker@franklinst.com
Justin SturdivantRegional Managing Director

License #: TN #333989

(941) 504-4222justin.sturdivant@franklinst.com
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Listing provided by Revere CRE