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Wesley Chapel, FL - At Home

$17,411,000

2160 Grand Cypress Drive, Wesley Chapel, FL 33559

Active
Last Updated: 02/02/2025

8

Cap Rate

1,393,000

NOI

Details:
Cap Rate:    8%
NOI:    $1,393,000
Building Size:    109,743 sqft
Lot Area:    9.45 acres
Occupancy:    100%
Description:

• At Home will receive a significant amount of retail exposure from its position as an outparcel to the Tampa Premium Outlets
• The 414K+ SF retail center 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
• The tenant is easily accessible via Wesley Chapel Boulevard (22,500 VPD), a primary entrance to the retail center intersecting with State Road 54/56 (77,000 VPD)
• The intersection supports a combined 99,500 vehicles passing daily, directing traffic from the north and west directly to the outlets entrance along Grand Cypress Drive
• Wesley Chapel contains 2M+ square feet of retail space, combined with a rapidly growing residential community, making it one of the most dominant retail markets

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