19721 State Road 54 Lutz, FL 33558

Listing agency RIPCO Real Estate | Tampa Show Phone

Listed by Ari Ravi · License #SL-3210827 Show Phone

Source Moodyscre

Added: Jul 9 Updated: Jul 21 at 5:41AM Checked: Jul 21 at 5:41AM

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Investment Insights

Based on property information with market context.

This for-sale NNN medical retail center is 100% occupied by three tenants under NNN leases: AdventHealth, Sage Dental, and Bliss Family Veterinarian. The property includes current buildout investment of approximately $600,000 by AdventHealth. The lease structure provides a 5-year initial term with four additional 5-year options, reflecting long-term commitment to the site. The weighted average tenant lease term (WALT) is over six years, supporting stable income characteristics with minimal landlord responsibilities.

The center is located on a signalized intersection of State Road 54 and Oakstead Blvd, with a combined AADT of 76,500. Population and growth projections for the area are described as strong, with expected increases in traffic volumes over time.

From a tenant mix standpoint, AdventHealth, Sage Dental, and Bliss Family Veterinarian operate as complementary healthcare and service uses within a single property configured to support daily-need visitation.

Key Highlights

• Three tenants on NNN leases; property is 100% occupied with AdventHealth, Sage Dental, and Bliss Family Veterinarian
• AdventHealth investment of approximately $600,000 into the space and a 5‑year lease with four 5‑year renewal options
• WALT over 6 years supports long‑term income reliability

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FAQs

What type of property is this?

Medical center - Single-tenant medical and service center with three tenants on NNN leases and approximately $600,000 in current space improvements.

Where is this medical center located?

The property is located at 19721 State Road 54 Lutz, FL.

What is the asking price?

The asking price for this property is $6,140,000.

What are key features of this property?

This property features: Three tenants on NNN leases; property is 100% occupied with AdventHealth, Sage Dental, and Bliss Family Veterinarian; AdventHealth investment of approximately $600,000 into the space and a 5‑year lease with four 5‑year renewal options; WALT over 6 years supports long‑term income reliability