Former Amscot (For Sale or Lease)
Outparcel to Grocery Anchored Center
Marketing description
The subject property is a 3,200-square-foot single-tenant retail building (a former Amscot) available for sale or lease, located at 36640 CR 54 in Zephyrhills, Florida. Situated on a 0.63-acre lot, the property operates as an outparcel to the Save a Lot-anchored Zephyrhills Plaza and benefits from high visibility along the busy SR-54 corridor, which experiences daily traffic counts of over 17,300 vehicles. As a vacant asset, it is offered for sale at a list price of $1,371,000, or for lease at an asking rate of $30.00/SF NNN ($96,000 annually) under a 5-year initial term featuring two 5-year renewal options with 10% rental increases. The asset is positioned within a dense, growing retail and residential market supported by strong demographics, including a 5-mile population exceeding 85,300 residents that is projected to grow by more than 10% by 2030.
Investment highlights
- SINGLE TENANT RETAIL PROPERTY FOR LEASE OR SALE: 3,200-SF former financial service retailer on a 0.63 acre lot. Zoned for a variety of commercial and retail uses.
- FOR LEASE - 5 YEAR NNN LEASE WITH TWO 5 YEAR OPTIONS: Asking rent of $30/SF NNN.
- LANDSCAPED PARKING LOT: Fully lit parking area with 18 surface parking spaces, two points of ingress and egress and lighted sign.
- OUTPARCEL TO GROCERY ANCHORED SHOPPING CENTER: Located in Zephyrhills Plaza shopping center anchored by Save a Lot with a mix of local and national tenants.
- STRONG TRAFFIC LOCATION: Located along CR-54/Pure Water Way, seeing over 17,300 Vehicles per day (VPD). Florida State Road 54 is a six lane east-west highway in the Tampa Bay area, running from US-19 to US-301.
- DENSE RETAIL AND RESIDENTIAL CORRIDOR: Near multiple national tenants including Walgreens, Hardees, CVS, Save a Lot, Cricket Wireless, 7-Eleven, Winn-Dixie, Dunkin, Dollar General, Ace Hardware and more. Proximity to multiple mobile home communities and new construction housing developments.
- STRONG AND GROWING DEMOGRAPHICS: The population exceeds 85,300 within 5-miles of the property and is projected to increase more than 10% by 2030. Unemployment is below 1.5% within 1-mile. The 5-mile population has seen an increase of 54% since 2010.
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