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Fresh Kitchen & Chewy Vet Care - Orlando 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
Building Size
5,711 SF
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
51 Spaces (8.93 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signalized Intersection
- Monument Signage
Nearby Major Retailers
1 of 12
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Fresh Kitchen & Chewy Vet Care - Orlando FL | 17637 Harpers Run
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