Shoppes at Cypress Creek 24791 State Road 54 7,200 SF 100% Leased Retail Building Lutz, FL 33559 $6,982,538 CAD ($969.80 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- New 2024 construction lowers the likelihood of the need for landlord capital expenditures over the next several years
- The property is located on State Road 54, a primary thoroughfare in Lutz, FL with an AADT of 72,000
- 17,545 households within a 3-mile radius
- All three executed leases have 10 years of term with two of the leases having two 5-year options and one having one 5-year option
- Located adjacent to other new construction, including a Woodie’s Wash Shack and a Take 5 Oil Change, providing additional traffic to the retail center
- 46,938 population within a 3-mile radius
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,200 SF
Building Class
B
Year Built
2024
Price
$6,982,538 CAD
Price Per SF
$969.80 CAD
Cap Rate
6%
NOI
$418,977 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.97 AC
Zoning
C-2 - Commercial
Parking
43 Spaces (5.97 Spaces per 1,000 SF Leased)
Frontage
165’ on State Road 54
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 28-26-19-0010-00000-0370 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,420,934 CAD | Total Assessment | $1,420,934 CAD |
