Shoppes at Cypress Creek - Tampa (Lutz) FL 24771 State Road 54 7,154 SF 100% Leased Retail Building Lutz, FL 33559 $4,940,000 ($690.52/SF) 6.15% Cap Rate

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.