18710 State Road 54Lutz, FL 33558

Property Details for 18710 State Road 54

Year built

2024

Lot size

0.92 AC

Property type

Retail properties

Property subtype

Other retail properties

Description

Exceptional investment opportunity: a 1,900 sq ft Fifth Third Bank in Lutz, FL, boasting a 20-year absolute NNN lease (commencing November 27, 2024, and expiring November 1, 2044) with 10% rent bumps every 5 years and four 5-year lease options. The property sits on a 0.92-acre lot at a signalized, hard corner intersection with high traffic volume (79,800+ combined vehicles daily). This single-story, 2024-built bank benefits from a strong surrounding retail and mixed-use development, including the Publix-anchored Sunlake Centre (top 92% of nationwide neighborhood centers, according to Placer.ai), a nearby First Watch (top 98% of nationwide locations), and the upcoming Cypress Ranch mixed-use development (598 units, 100,000 sq ft of office space, and numerous retail tenants). The property's strategic location near a proposed HCA medical building and the new Moffit Cancer Center's Speros FL innovation center further enhances its long-term value. The asking price is $3,888,000, representing a 4.50% cap rate and a net operating income (NOI) of $175,000. The ground lease is in place. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a rapidly growing area.

Location Insight

City

Lutz

County

Pasco

State

Florida

Latitude

28.1931

Longitude

-82.5067

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