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2160 Grand Cypress Dr Lutz, FL 33559

High-performing At Home storefront, strong lease terms.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 109,743 square foot At Home storefront, located at 2160 Grand Cypress Dr, Lutz, FL 33559, presents a compelling investment opportunity. Situated on a 9.45-acre lot (APN: 27-26-19-0100-00000-002C) in a high-traffic area across from Costco and next to Tampa Premium Outlets, this property benefits from exceptional visibility and access. The Absolute NNN lease commenced March 28, 2019, and extends until July 31, 2035, offering a substantial remaining lease term of 10.7 years. The lease includes four 5-year renewal options and features a favorable 2% annual rent increase. This fee-simple ownership (land and building) provides zero landlord responsibilities. The property is located in a top-performing trade area within the Tampa MSA, boasting strong demographics and an affluent community. Its proximity to Interstate 75 (122,500 vehicles per day) further enhances its strategic location within a dense retail and residential corridor. This At Home location ranks in the 92nd percentile of performance in Florida. The absence of state income tax adds to the investment's attractiveness. This is a rare opportunity to acquire a premier retail property with a long-term, secure lease and significant upside potential.

Property Details for 2160 Grand Cypress Dr

Property type
Retail properties, Retail space
Square Feet
109,743 SF
Lot Size (sq. ft)
411,642 SF

Location Insight

City
Lutz
County
Pasco
State
Florida
Latitude
28.1867494
Longitude
-82.3922801

FAQs

What type of property is this?
Retail property - High-performing At Home storefront, strong lease terms.
Where is the retail property located?
The property is located at 2160 Grand Cypress Dr Lutz, FL.
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2160 Grand Cypress Dr
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