Land O' Lakes, FL 34639

AYR Wellness

Property Address

21529 Village Lakes Shopping Center Drive, Land O' Lakes, FL, USA

Offering Summary

  • Price: $4,554,500
  • Lot Size: .45 Acres
  • Cap Rate: 5.75%
  • Year Built: 1989/2022
  • Building SF: 4,029
  • Status: Available
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  • Brand New 15-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • 10 Percent Rental Increases Every Five Years
  • 100,600 Residents within a Five-Mile Radius - Tampa Bay MSA
  • Rapidly Growing Trade Area with Households and Population Projected to Increase 11%+ within a Five-Mile Radius by 2026
  • Excellent Frontage Along SR-54 (62,500+ Cars/Day), with Direct Access to I-75 and US-41 (Land O' Lakes Blvd)
  • Property Benefits from Cross-Access Easement Allowing for Additional Parking within the Shopping Center
  • Situated in Village Lakes Shopping Center, Anchored by Marshalls, Ross, Bealls Outlet, Dollar Tree, and YouFit Gym
  • Average Household Income Exceeds $118,000 within Five Miles of Site
  • Located in Dense Retail Corridor - Lowe's, McDonald's, Walmart, Target, and More
  • Tenant is a Growing Cannabis Operator with 70+ U.S. Locations and $357.6 Million in FY 2021 Revenue

Broker Information