Total Square Feet
±6,950
Total Acreage
±1.04 AC
Asking Price
$2,100,00
NOI
$140,942
Occupancy
100%
Key Details
Investment Highlights
- Located at the signalized intersection of US Highway 41 and State Road 54, one of Pasco County’s busiest commercial intersections, with combined traffic counts exceeding ±98,000 AADT
- Over ±200 feet of frontage, multiple points of ingress/egress, and cross-access with CVS enhance accessibility
- Positioned along State Road 54, Pasco County’s primary east-west commercial corridor
- 100% leased neighborhood retail center occupied by a diversified mix of service-oriented tenants operating under NNN leases, reimbursing operating expenses and minimizing landlord responsibilities
- Near-term lease expirations, with three (3) of the four (4) tenants having no remaining renewal options, provide a new owner the opportunity to increase NOI through mark-to-market rents
- Weighted average lease term remaining of approximately ±2.7 years
- Hungry Howie’s and Pinch A Penny have each occupied the property for over twenty (20) years
- Pinch A Penny, the nation’s largest franchised pool, patio, and spa retailer, occupies approximately 50% of the property’s GLA and is ranked in the top 11% of all Pinch A Penny’s in the state of Florida by foot traffic per Placer.ai
- Ownership recently completed major capital improvements, including parking lot resurfacing and restriping and exterior painting
- Two (2) of the four (4) units have received interior upgrades, including new paint, flooring, and HVAC replacement
- Strong surrounding tenancy with adjacent CVS and numerous national retailers within the immediate trade area
- Population of 47,022 within a three (3) mile radius.
- Average household income of approximately $147,033 within a three (3) mile radius
Brokers
Request Pricing / Contact
For sale
21202 Mariner Place, Lutz, FL, USA
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