102 Flagship Dr

Yellowtail is pleased to present the sale of 102 Flagship Dr. located off of Hwy 41 in Lutz, FL, just south of the Pasco/Hillsborough County Line. *Located next to the third wealthiest zip code ranked by household income.* The property consists of 14,023 SF and sits on 1.37 acres. This stabilized center with 16 units is at 100% occupancy with a balanced mix of 11 tenants. The anchor tenant is a long-term Italian restaurant, which has been at this location for over 10 years. The restaurant owners have invested greatly in interior and exterior improvements, demonstrating their long-term commitment to the space. They are currently on a 5-year lease, with 10 years in options. All leases have 3% annual escalations. The property has undergone major improvements within the last 5 years, including a complete pylon sign overhaul in 2022, 16 new HVAC systems installed, new silicone roof, electrical updates, parking lot/landscaping improvements, and much more! The retail center sits on the east side of US 41, with a strip center to its south and a large Winn Dixie anchored shopping center to its north. 1 block south is Sunset Dr (lighted intersection) with a dense residential surrounding. Surrounding major retailers include McDonalds, Winn Dixie, Walgreens, Ace Hardware, and others. US 41 provides excellent visibility and accessibility with approximately 44,000 daily cars. 5 miles to Interstate 275, 6 miles to the University of South Florida, and 6.5 miles to North Dale Mabry at Bearss Avenue. *As reported by Tampa Bay Business Journal August 2022* Please contact Georgia Watson 813-453-6616 or Rhett Novy -813-739-9615