Lutz, FL - Greenlane

Description:

• Brand new 15-year lease with 4 (5-year) options to extend
• Lease features 10% rent increases every 5 years throughout the initial term and at the beginning of each option to extend
• The chain debuted on Gandy Boulevard in Tampa and has since expanded to St. Petersburg and West Tampa near Raymond James Stadium

• The asset is part of a larger development that features Take 5 Oil Change, a three-tenant retail strip, and Woodie’s Wash Shack
• 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
• More info about Greenlane and this location HERE and HERE

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Listing ID: a28TP000001jht3YAA