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Fresh Kitchen & Chewy Vet Care - Tampa FL 17637 Harpers Run 5,711 SF 100% Leased Retail Building Lutz, FL 33558 $4,859,000 ($850.81/SF) 6% Cap Rate
Investment Highlights
- New 10-Year Leases | Options To Extend | 10% Rental Increases | 2024 Construction
- Prime Retail Corridor | Strong Tenant Synergy
- Planned Moffitt Cancer Center | Major Economic Driver
- Cypress Ranch: 164-Acre Mixed-Use Development | 598 Residential Units & 100,000 SF Office
- Signalized, Hard Corner Intersection | 69,000+ Combined Vehicles
- Demographics In 5-Mile Radius | Tampa/St. Pete MSA |Annual Population Growth
Executive Summary
• Both tenants have recently executed brand-new 10-year leases, each with two (2) additional 5-year renewal options, demonstrating their long-term commitment to the site
• Scheduled 10% rental increases every 5 years during the primary term and at the start of each option period drive NOI growth and provide a built-in hedge against inflation
• The building was constructed in 2024 using high-quality materials and modern finishes, minimizing future capital expenditures
• Scheduled 10% rental increases every 5 years during the primary term and at the start of each option period drive NOI growth and provide a built-in hedge against inflation
• The building was constructed in 2024 using high-quality materials and modern finishes, minimizing future capital expenditures
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,711 SF
Building Class
B
Year Built
2024
Price
$4,859,000
Price Per SF
$850.81
Cap Rate
6%
NOI
$291,514
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.02 AC
Zoning
MPUD - Master Planned Unit Development
Parking
55 Spaces (9.63 Spaces per 1,000 SF Leased)
Frontage
205’ on Harpers Run
Amenities
- 24 Hour Access
- Corner Lot
- Freeway Visibility
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
- Smoke Detector
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 29-26-18-0070-00000-0040 | Improvements Assessment | $533,754 |
| Land Assessment | $977,522 | Total Assessment | $1,511,276 |
Property Taxes
Parcel Number
29-26-18-0070-00000-0040
Land Assessment
$977,522
Improvements Assessment
$533,754
Total Assessment
$1,511,276
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Fresh Kitchen & Chewy Vet Care - Tampa FL | 17637 Harpers Run
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