TAMPA’S COMMERCIAL REAL ESTATE LEADER

RE/MAX COMMERCIAL

Broker: RE/MAX Action First

9530 W Linebaugh Ave

Tampa, FL 33626

CONFIDENTIAL OFFERING MEMORANDUM

221 & 225 E Brandon BlvdBrandon, FL 33511

TABLEOFCONTENTS

• Executive Summary

• Property Overview

• Location Overview

221 & 225 E Brandon Blvd

221 E Brandon Blvd is a 3732 gross sf/2892

heated sf retail location that is currently

available for lease or for sale. The building

was constructed in 1960, and was constructed

of concrete block/stucco with a shingle roof

225 E Brandon Blvd built in 1972 is available for

sale. It is 4121 gross sf/3690 heated sf retail

space that is available for sale in a joint

transaction with 221 E Brandon Blvd. The

building has been leased by Fox & Hounds Pub

since 1987. The current lease rate is

$6,000/month.

These properties have a combined 235 ft of

frontage on Brandon Blvd with 62,000 AADT.

ExecutiveSummary

Executive Summary

Opinion of Value:

Considerations Taken Into Account

1. Perfect location for owner-occupy and/or

investor.

2. Prime location with AADT 62,000

3. Pub has been in business since 1997.

Combined asking price = $1,450,000

The ProTech Team at RE/MAX is pleased to

provide the broker opinion of value for the real

estate located at 221 & 225 E Brandon Blvd,

Brandon FL 33511. This broker opinion of value

takes into account the parcel of land, it’s location,

and the current & potential income it generated.

Nearby comparables were obtained for sales

of other local retail buildings. We determine

that the highest and best use would as a

retail location. Based on these sales

comparables, we estimated the value of the

combined properties to be $1.5M.

We also estimated value based on pro-forma

market value lease rates of $16.50/sf for 221

E Brandon Blvd, and actual lease income of

$6000/mo for 225 E Brandon Blvd., which

produced a combined valuation of $1.534M.

PropertyOverview

Investment SummaryPROPERTY SUMMARY

Name Owner-Occupy or Investor

Address221 E Brandon Blvd

Brandon, FL 33511

Size (Sq. Ft.) 2892

Year Built/Renovated 1960

Ownership Fee Simple

PROPERTY SUMMARY

Name Investor

Address225 E Brandon Blvd

Brandon, FL 33511

Size (Sq. Ft.) 3690

Year Built/Renovated 1972

Ownership Fee Simple

LocationOverview

Location OverviewBrandon is a suburb of Tampa with a population of 113,124. Brandon is in Hillsborough County and is one of the best places to live in Florida. Living in Brandon offers residents a suburban feel and most residents own their homes. In Brandon there are a lot of parks. Many families and young professionals live in Brandon. The public schools in Brandon are above average.

LOCATION DEMOGRAPHICS

Population 113,124

Unemployment Rate

3.3%

Median Income 56,012

Median Home Price $202,500

Source: Bestplaces.net

TRAFFIC COUNTS

11

Palm Harbor SurgeryCenter

The Tampa Metropolitan Statistical Area (MSA) is inclusive of four counties: Hillsborough, Pinellas, Pasco and Hernando.

It is the second largest metropolitan area in Florida and the eighteenth largest metropolitan area in the United States with a population of over three million residents. Tampa has the highest rate of migration in the Eastern United States and third highest in the country according to a Bloomberg analysis. The Urban Land Institute in their yearly publication Emerging Trends in Real Estate United States and Canada 2019 named The Tampa MSA the tenth and second inoverall real estate and homebuilding prospectsrespectively.

BayCare Health Systems is largest health system and the second largest employer in the Tampa MSA, second to Publix Super Markets. AdventHealth currently operates one thousand two hundred and seventy-one hospital beds in seven hospitals throughout the Tampa MSA.

Tampa Metropolitan Statistical Area