25952 State 56 Hwy - Freestanding FOR SALE


Lutz, FL 33559
$4,706,000 USD
480-221-4221
25952 State 56 Hwy, Lutz, FL for Sale
$4,706,000 USD
Freestanding - FOR SALE
1/11
null | 4.25% Cap Rate

25952 State 56 Hwy
Lutz, FL 33559


HIGHLIGHTS

  • Brand New 15-Year Lease | Well Known & Established QSR Brand |Scheduled Increases | New Construction
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Directly Accessible Via On/Off Ramps Interstate-75 (122,500 VPD) | Dense Retail & Residential Corridor (1,000+ Units Within 1-mile)
  • Outparcel To The Tampa Premium Outlets (5.5M+ Visits) | Located In Top Performing Trade Area In Tampa MSA
  • Strong Demographics In 5-Mile Trade Area | Affluent Community |Tampa MSA

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, Raising Cane’s investment property located in Wesley Chapel, Florida. The tenant recently signed a brand new 15 year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Raising Cane’s is one of the fastest-growing restaurant brands, with 800+ restaurants in 40+ states, and plans to open 100 new restaurants across several new markets in 2025.

FOR SALE DETAILS

PRICE

$4,706,000 USD

PRICE/SF

$1,623 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Raising Cane's | New 15yr Corp Abs NNN w/ Inc

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

MPUD

APN/PARCEL ID

27-26-19-0090-00600-0010

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.