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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

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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

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

Fazoli's
Chicken Salad Chick
Zaxby's
Bad Ass Coffee of Hawaii
Starbucks
Navy Federal Credit Union
Carrabba's Italian Grill
Bonefish Grill
Walk-On's
Asian Chao

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
28-26-19-0010-00000-0380
Land Assessment
$866,960
Improvements Assessment
$0
Total Assessment
$866,960
  • Listing ID: 38145041

  • Date on Market: 10/20/2025

  • Last Updated:

  • Address: 24823 State Road 54, Lutz, FL 33559

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