NNN Greenlane - Tampa (Lutz) FL
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
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