24771 State Road 54 rd - Storefront FOR SALE


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

24771 State Road 54 rd
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

• Brand-new, fully occupied retail strip with leases signed within the past two years. All tenants have terms remaining through at least June 2034 • Fazoli’s and Los Chapos Tacos each have one and two 5-year options to renew at fixed rents, respectively, while Lightning Orthodontics holds two 5-year options to renew at fair market rent • All leases include scheduled rental increases, providing a hedge against inflation and opportunities for increased cash flow

FOR SALE DETAILS

PRICE

$4,940,000 USD

PRICE/SF

$691 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shoppes at Cypress Creek - Tampa (Lutz) FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront

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.