Log In/Sign Up
Your email has been sent.
Greenlane - Tampa (Lutz) FL 24823 State Road 54 1,300 SF Retail Building Lutz, FL 33559 $2,583,000 ($1,986.92/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 15-Year Lease | 10% Rental Increases | Options to Extend Growing Brand
- Brand New Construction | Drive-Thru Equipped
- Demographics in 5-Mile Radius | Tampa/St. Pete MSA |Annual Population Growth
- Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities | No State Income Tax
- Part of The Shoppes of Old Cypress | Fronting FL-54 (73,000 VPD) |Surrounding Retailers
EXECUTIVE SUMMARY
• 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
• 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
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,300 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
$2,583,000
Price Per SF
$1,986.92
Cap Rate
6%
NOI
$155,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.87 AC
Zoning
C-2 - Commercial General
Frontage
146’ on State Road 54
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 28-26-19-0010-00000-0380 | Improvements Assessment | $0 |
| Land Assessment | $866,960 | Total Assessment | $866,960 |
PROPERTY TAXES
Parcel Number
28-26-19-0010-00000-0380
Land Assessment
$866,960
Improvements Assessment
$0
Total Assessment
$866,960
1 of 12
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Greenlane - Tampa (Lutz) FL | 24823 State Road 54
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.