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30029247
30029249

24823 FL-54, Lutz, FL 33559

WW
FL SL3257920
SRS Real Estate Partners Tampa
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Tampa
$2,583,000
24 days on market
Updated 24 days ago

NNN Greenlane - Tampa (Lutz) FL

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 1,300
Cap Rate 6%
NOI $155,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 01/01/2041
Remaining Term 14.6
Rent Bumps Yes
Lease Options 4 (5-Year)
Broker Co-Op Yes
Class A
Year Built 2025
Buildings 1
Stories 1
Acreage 0.870
Zoning Commercial
Parking Spaces 28 spaces
Parking Per SqFt 21.54
Investment Type Net Lease
Lease Commencement 01/01/2026
Ownership Leased Fee
Sale Condition 1031 exchange

New Construction | Absolute NNN (Ground Lease) | 15 Year Lease | 10% Increases

Marketing description

Introducing an exciting investment opportunity in Lutz, Florida! This single-tenant QSR with a double drive-thru is a ground lease property with immense potential. Boasting an average household income of $130,000 and strategically situated just west of I-75, this property captures substantial traffic flow from 135,000 vehicles per day and benefits from its proximity to the Tampa Premium Outlets drawing over 5.5 million visitors annually. Featuring a brand-new 15-year lease with 4 (5-year) renewal options, this investment guarantees a solid income stream with 10% rent increases every 5 years. With zero landlord responsibilities under an absolute NNN lease structure, this property ensures a hassle-free, management-free investment ideal for out-of-state passive investors. The modern construction includes a drive-thru window, making it an attractive opportunity for investors seeking a high-quality, low-maintenance asset in a prime location within the Tampa MSA.

Investment highlights

  • Brand New 15-Year Lease | 10% Rental Increases | Options to Extend Growing Brand

  • Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities | No State Income Tax

  • Brand New Construction | Drive-Thru Equipped

  • Part of The Shoppes of Old Cypress | Fronting FL-54 (73,000 VPD) |Surrounding Retailers

  • Demographics in 5-Mile Radius | Tampa/St. Pete MSA |Annual Population Growth

Listing Contacts

WW
FL SL3257920
SRS Real Estate Partners Tampa
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Tampa

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$155,000.00
$12,916.67/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Patrick Nutt
License
FL License No. BK3120739
Brokerage
SRS Real Estate Partners-SOFLO LLC
Title
Broker of Record
Name
William Wamble
License
SL3257920
Name
Patrick Nutt
License
BK3120739
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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