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Shoppes at Cypress Creek & Greenlane 2 Retail Properties Offered at $7,567,000 in Lutz, FL
Investment Highlights
- Two-Parcel Investment Opportunity | Brand New Construction | Single-Tenant Ground Lease and Multi-Tenant Retail
- Absolute NNN Ground Lease and NNN Leases | Minimal Landlord Responsibilities | Limited Expense Leakage
- Demographics in 5-Mile Radius | Tampa/St. Pete MSA |Annual Population Growth
- New 15-Year Ground Lease | Food and Service Tenant Line-Up | Options to Extend | Recently Executed Multi-Tenant Leases
- Part of the Larger Shoppes of Cypress Creek | Located Near I-75 | Fronting FL-54 (73,000 VPD) | Surrounding Retailers
Executive Summary
• The offering includes two adjacent parcels within The Shoppes of Cypress Creek: a newly constructed single-tenant property and a fully occupied, three-tenant retail strip
• The combined offering provides a diversified income stream from multiple food and service tenants, including drive-thru-equipped concepts
• Both parcels benefit from scheduled rental increases and multiple renewal options, supporting long-term income growth
• The combined offering provides a diversified income stream from multiple food and service tenants, including drive-thru-equipped concepts
• Both parcels benefit from scheduled rental increases and multiple renewal options, supporting long-term income growth
Property Facts
| Price | $7,567,000 | Number of Properties | 2 |
| Price / SF | $895.08 / SF | Individually For Sale | 2 |
| Cap Rate | 6.25% | Total Building Size | 8,454 SF |
| Sale Type | Investment NNN | Total Land Area | 1.89 AC |
| Status | Active |
| Price | $7,567,000 |
| Price / SF | $895.08 / SF |
| Cap Rate | 6.25% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 8,454 SF |
| Total Land Area | 1.89 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 24771 State Road 54, Lutz, FL 33559 | Retail | 7,154 SF | 2024 | $5,169,000 |
|
Greenlane
24801 FL-54, Lutz, FL 33559 |
Retail | 1,300 SF | 2026 | $2,583,000 |
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