24823 State Road 54 - Car Washes FOR SALE
Lutz, FL 33559 |
$2,583,000 USD
813-434-8278
24823 State Road 54
Lutz, FL 33559
HIGHLIGHTS
- Brand New 15-Year Lease | 10% Rental Increases | Options to Extend Growing Brand
- Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities | No State Income Tax
- Brand New Construction | Drive-Thru Equipped
- Part of The Shoppes of Old Cypress | Fronting FL-54 (73,000 VPD) |Surrounding Retailers
- Demographics in 5-Mile Radius | Tampa/St. Pete MSA |Annual Population Growth
OVERVIEW
• Brand new 15-year lease with 4 (5-year) options to extend
• Lease features 10% rent increases every 5 years throughout the initial term and at the beginning of each option to extend
• The chain debuted on Gandy Boulevard in Tampa and has since expanded to St. Petersburg and West Tampa near Raymond James Stadium
FOR SALE DETAILS
PRICE
$2,583,000 USD
PRICE/SF
$694 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Greenlane - Tampa (Lutz) FL
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
28
LAND DETAILS
LAND ACRES
0.87 AC
LAND SF
37,897 SF
ZONING
C
APN/PARCEL ID
28-26-19-0010-00000-0360
ASK ABOUT THIS PROPERTY
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813-434-8278
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813-434-8278
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