Blockchain Registration Transaction Record

SRS Sells $4.77M Central Ridge Plaza in Tampa Submarket

SRS Real Estate Partners completes $4.77M sale of Central Ridge Plaza in Lecanto, FL. The retail center features Sketchers, Firehouse Subs with 6.27% cap rate.

This transaction matters because it reflects ongoing investor confidence in Florida's retail real estate market despite economic uncertainties. The 6.27% cap rate indicates strong returns compared to other investment vehicles, making it attractive for private investors seeking income diversification. For the local Lecanto community, the sale ensures continued retail stability with established national brands like Sketchers and Firehouse Subs remaining operational. The property's location within a larger retail ecosystem anchored by Walmart and Target demonstrates how strategic positioning enhances property values. This deal also highlights Florida's appeal as a tax-advantaged state for commercial investments, potentially influencing future development patterns in growing Tampa submarkets.