SRS Real Estate Partners has successfully brokered the sale of Promenade, a newly constructed retail strip center in Wesley Chapel, Florida. The 9,222-square-foot property, which was completed in 2025, commanded a sale price of $7.9 million. The asset was fully occupied at the time of the transaction, reflecting strong investor interest in the region.
Key takeaways
- Property: Promenade, a 9,222-square-foot retail center in Wesley Chapel, Florida.
- Transaction value: $7.9 million, finalized as an all-cash deal.
- Occupancy: Fully leased to Heartland Dental, GoodVets, and Ann’s Salon & Spa.
- Brokerage: SRS Real Estate Partners represented the seller.
Market context and location
Located approximately 24 miles north of downtown Tampa, Wesley Chapel continues to be a high-growth area for commercial real estate. The development of new retail assets like Promenade highlights the ongoing demand for modern, convenient shopping and service centers in suburban Florida markets. As the population in the surrounding area grows, these types of triple-net leased properties remain attractive to investors seeking stable cash flow.
Asset specifications and tenant profile
Built in 2025, the Promenade property is designed to serve the immediate needs of the local community. The center maintains a diverse tenant mix, which contributes to its stability and long-term viability. At the time of the sale, the property was fully leased to three distinct service-oriented businesses: Heartland Dental, GoodVets, and Ann’s Salon & Spa. This combination of medical, veterinary, and personal care services ensures consistent foot traffic and consumer engagement.
Transaction dynamics
The sale of the Promenade center was facilitated by William Wamble, Patrick Nutt, and Connor Barton of SRS Real Estate Partners, who represented the seller. The seller was identified as a Florida-based developer and investor. The acquisition was completed by a Florida-based investor in an all-cash transaction, underscoring the liquidity currently present in the Florida commercial real estate market for well-positioned, fully leased retail assets.
Sources
- SRS Real Estate Brokers $7.9 Million Sale of Retail Strip Center in Metro Tampa, Florida, Shopping Center Business.