21202 Mariner Pl - Freestanding FOR SALE


Lutz, FL 33549
$2,100,000 USD
727-452-6864
21202 Mariner Pl, Lutz, FL for Sale
$2,100,000 USD
Freestanding - FOR SALE
1/4
null | 6.71% Cap Rate

21202 Mariner Pl
Lutz, FL 33549


HIGHLIGHTS

  • Located at the signalized intersection of US Highway 41 and State Road 54
  • Over ±200 feet of frontage, multiple points of ingress/egress, and cross-access with CVS enhance accessibility
  • Positioned along State Road 54, Pasco County’s primary east-west commercial corridor
  • 100% leased neighborhood retail center occupied by a diversified mix of service-oriented tenants operating under NNN leases
  • Hungry Howie’s and Pinch A Penny have each occupied the property for over twenty (20) years
  • Weighted average lease term remaining of approximately ±2.7 years

OVERVIEW

RIPCO Real Estate is pleased to offer for sale Mariner Plaza, a ±6,950 SF, four-tenant neighborhood retail center located at the signalized intersection of US Highway 41 and State Road 54 in Lutz, Florida. The property is 100% occupied by Pinch A Penny, Hungry Howie’s, Mimino Food Market, and The Compassionate Clinic, all operating under NNN lease structures with expense reimbursement provisions that minimize landlord responsibilities. The asset benefits from combined traffic counts exceeding ±98,000 vehicles per day, over ±200 feet of frontage and cross-access with CVS. Within a three-mile radius, the population exceeds 47,022 with an average household income of approximately $147,033. Pasco County is one of Florida’s fastest-growing counties, with projected population growth exceeding 11% through 2030. Mariner Plaza represents an attractive investment opportunity for investors seeking stable cash flow with value-add potential. The property’s lease rollover profile provides future mark-to-market leasing opportunities, while recent ownership capital improvements reduce near-term capital expenditure requirements.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$244 USD /SF

CAP RATE

6.71%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C2

APN/PARCEL ID

25-26-18-0000-05700-0020

ASK ABOUT THIS PROPERTY

Ari RaviRIPCO Real EstateMore Info
727-452-6864

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Ari RaviRIPCO Real EstateMore Info
727-452-6864

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.