Search
 

Tampa Retail Market Gaining Pre-Holiday Traction

TAMPA, FL-Scaled-down construction of new stores by CVS and Walgreens has compressed drugstore cap rates into the low-7% range, according to Marcus & Millichap.

By Jennifer LeClaire | Updated on September 26, 2011

TAMPA, FL-Tampa’s retail market is still on the rebound from recessionary lows. And single-tenant, net-leased product is getting the lion’s share of the attention. So says the most recent Marcus & Millichap retail market report.

Scaled-down construction of new stores by CVS and Walgreens has compressed drugstore cap rates into the low-7% range. Interest in dollar stores, which performed well during the recession, also remains intense, with cap rates averaging the mid- to high-8% range, depending on brand affiliation and location.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.