Lutz, FL - Fresh Kitchen & Chewy Vet Care

Description:

• Both tenants have recently executed brand-new 10-year leases, each with two (2) additional 5-year renewal options, demonstrating their long-term commitment to the site
• Scheduled 10% rental increases every 5 years during the primary term and at the start of each option period drive NOI growth and provide a built-in hedge against inflation
• The building was constructed in 2024 using high-quality materials and modern finishes, minimizing future capital expenditures

• Positioned along a prime retail corridor with national brands such as Circle K, Jersey Mike’s, and Dunkin’, all within walking distance
• Minutes from other retail destinations including The Preserve Marketplace and Shoppes at Sunlake Centre, both Publix-anchored shopping centers
• Shoppes at Sunlake Centre ranks in the top 87% of all U.S. neighborhood centers, while its Publix ranks in the top 89% (142nd out of 1,370 nationwide), per Placer.ai
• This retail density drives consistent traffic to the area and promotes cross-shopping at the subject site
• The property is located at the entrance of Cypress Ranch, a 164-acre mixed-use development
• Cypress Ranch will feature 598 residential units and 100,000 SF of office space, supporting daily traffic and long-term economic stability
• The development will include 11 freestanding outparcels with tenants such as Chick-fil-A, ALDI, Circle K, The Learning Experience, Panda Express, and more

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Listing ID: a28TP000002NPB3YAO