Income-Producing School Building For Sale - Citrus Park - Tampa, FL
12606 Henderson Rd, Tampa, FL 33625
Property Description
This is a rare chance to step into a fully occupied, cash-flowing commercial property in Tampa's sought-after Citrus Park corridor. The 20,133 SF facility was purpose-built for educational use and sits on a generous ±3.00-acre parcel with ample on-site parking. The property is currently leased and generating documented net operating income, offering a 2026 pro forma cap rate of 7.38%* (2025 actual cap rate: 6.73%) at the $4,500,000 asking price - with four consecutive years of growing rent on record.
Situated on Henderson Rd with convenient access to Gunn Highway and the Veterans Expressway (SR 589), the site benefits from strong regional connectivity within one of Hillsborough County's most established and in-demand commercial submarkets. The asset is operational, occupied, and generating income today.
Investment Highlights
- 2026 Pro Forma Cap Rate: 7.38%* - reflects the confirmed August 2026 contractual CPI-based rent increase; 2025 actual cap rate is 6.73%.
- Documented Rent Growth: Lease income has increased in each of the past four years (2023–2026), including a confirmed 2.80% increase for 2026, reflecting the strength and stability of the tenant relationship.
- Fully Occupied, Immediate Cash Flow: The building is purpose-built for its current use and in continuous operation, delivering income to a new owner today.
- Gunn Hwy & Veterans Expressway Access: Convenient access to Gunn Highway and SR 589 provides strong regional connectivity and positions the asset well within northwest Tampa's commercial corridor.
- Purpose-Built Facility: Single-story construction on ±3.00 AC with a 6/1,000 SF parking ratio, designed and maintained for institutional-grade occupancy.
- PD (Planned Development) - Hillsborough County: Commercially designated Planned Development zoning supports the current operation and provides a stable regulatory footing.
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