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Lutz, FL - Shoppes at Cypress Creek & Greenlane

$7,567,000

24771 & 24801 Fl 54, Lutz, FL 33559

Active
Last Updated: 08/12/2026

6.25

Cap Rate

472,920

NOI

Details:
Cap Rate:    6.25%
NOI:    $472,920
Building Size:    8,454 sqft
Lot Area:    1.89 acres
Occupancy:    100%
Year Built:    2024
Zoning:    C2 - Commercial General
Description:

New Construction | High Visibility on FL-54 (73,000 VPD) | $130K Average HH Incomes | Just West of I-75 (135,000 VPD) & Tampa Premium Outlets (5.5M+ Visitors Annually)

• The properties are part of the larger Shoppes of Cypress Creek development, which also features Take 5 Oil Change and Woodie’s Wash Shack, with the offering consisting of the fully occupied three-tenant retail strip and adjacent Greenlane property
• The Shoppes at Cypress Creek is adjacent to Greenlane, a fast-casual drive-thru concept that opened in February 2026, with BOTH PROPERTIES AVAILABLE FOR PURCHASE SEPARATELY—ask agent for details
• Fronting FL-54 (73,000 VPD), a primary East/West thoroughfare serving the North Tampa trade areas
• Just West of the Tampa Premium Outlets, a 414K+ SF retail center that ranks in the 96th percentile among shopping centers nationwide with 5.5M+ annual visits (per Placer.ai) and features national/credit tenants such as Nike, Adidas, Under Armor, and, Chick-fil-A, McDonald’s, and Starbucks pads
• The outlets are 100% leased and produced sales of $750 PSF in 2023
• Just West off I-75 (135,000 VPD), allowing users to benefit from on/off ramp access to the site and surrounding trade areas

Map:
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