Total Square Feet
±7,153 SF
Total Acreage
±1.02
Asking Price
$5,035,000
NOI
$302,118
Total Square Feet
±7,153 SF
Total Acreage
±1.02
Asking Price
$5,035,000
NOI
$302,118
NEW CONSTRUCTION
• New 2024 construction lowers the likelihood of the need for landlord capital expenditures over the next several years
• New construction minimizes challenges regarding obtaining insurance
• 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, providing long term stability for the center
STRONG TENANT MIX
• Fazoli’s operates over 200 locations throughout 26 states, making it America’s largest fast-casual Italian restaurant chain
• Fazoli’s has been recognized and awarded as one of the top fast-casual chains in the United States. They were listed as one of the New York Post’s five breakout fast-casual restaurants and a Fastcasual.com Brand of the Year award winner
• Fazoli’s occupies Suite 101, a 2,678 SF space with a dedicated drive thru
• Lightning Orthodontics operates 4 dental/orthodontics offices in central Florida
• Los Chapos Tacos has three other locations within the Tampa MSA
HIGHLY DESIRABLE LOCATION
• The property is located on State Road 54, a primary thoroughfare in Lutz, FL with an AADT of 72,000
• 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
• The property has multiple points of access including two on the State Road 54 west bound lane, and one on Old Cypress Creek Road which can be accessed from either the east or west bound lanes on State Road 54
DESIRABLE DEMOGRAPHICS
• 17,545 households within a 3-mile radius
• 46,938 population within a 3-mile radius
• $134,959 average household income within a 3-mile radius
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