24771 State Road 54 - Storefront FOR SALE


Lutz, FL 33559
$4,940,000 USD
813-434-8278
24771 State Road 54, Lutz, FL for Sale
$4,940,000 USD
Storefront - FOR SALE
1/11
null | 6.15% Cap Rate

24771 State Road 54
Lutz, FL 33559


HIGHLIGHTS

  • Recently Fully Leased | 8+ Years of Term Remaining | Options to Renew
  • Food and Service Tenant Line-Up | Drive Thru Equipped
  • NNN Leases | Fee Simple Ownership | Minimal Landlord Responsibilities | Limited Expense Leakage
  • Part of the Larger Shoppes of Cypress Creek | Fronting FL-54 (73,000 VPD) | Surrounding Retailers | Adjacent to New Greenlane
  • Demographics in 5-Mile Radius | Tampa/St. Pete MSA |Surrounding Population Growth

OVERVIEW

Cypress Creek Shoppes is a newly constructed, fully leased retail center strategically positioned along State Road 54 in Lutz, Florida, one of the fastest-growing submarkets in the Tampa/St. Pete MSA. This three-tenant strip offers exceptional visibility with over 73,000 vehicles per day and benefits from proximity to major regional destinations, including Tampa Premium Outlets and I-75, providing seamless access to surrounding trade areas. The center features a strong tenant mix anchored by Fazoli’s with a drive-thru endcap, complemented by Lightning Orthodontics and Los Chapos Tacos. Each tenant operates under long-term NNN leases, minimizing landlord responsibilities to roof, structure, and foundation while ensuring predictable cash flow. With an average remaining lease term of nearly nine years and multiple renewal options, this property delivers stability and growth potential through scheduled rent increases. Situated within a vibrant retail corridor, Cypress Creek Shoppes is part of a larger development that includes national brands and high-traffic service concepts. The surrounding area boasts robust demographics, with more than 122,000 residents and an average household income exceeding $140,000 within five miles. Rapid residential expansion and strong employment bases further enhance the site’s appeal for sustained consumer demand. This asset combines modern construction, prime frontage, and a thriving location, making it an ideal choice for investors seeking a secure, income-producing property in a dynamic market.

FOR SALE DETAILS

PRICE

$4,940,000 USD

PRICE/SF

$691 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shoppes at Cypress Creek - Tampa (Lutz) FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

C2

APN/PARCEL ID

28-26-19-0010-00000-0370

ASK ABOUT THIS PROPERTY

William WambleSRS Real Estate PartnersMore Info
813-434-8278

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William WambleSRS Real Estate PartnersMore Info
813-434-8278

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