Oakstead Corner Plaza 19721-19729 FL-54 8,400 SF 100% Leased Retail Building Lutz, FL 33558 $8,725,997 CAD ($1,038.81 CAD/SF) 5.75% Cap Rate

RIPCO Real Estate is pleased to offer for sale Oakstead Corner Plaza, a 8,400 SF, three-tenant medical-focused center located at 19721–19729 State Road 54 in Lutz, Florida. The property is 100% occupied by a recession-resilient, needs-based tenant mix comprised of AdventHealth, Sage Dental, and Bliss Family Veterinarian, all operating under NNN leases with expense reimbursement structures that insulate the landlord from operating cost exposure. This asset is positioned at the signalized intersection of SR 54 and Oakstead Boulevard, one of the primary commercial corridors in the rapidly growing State Road 54 submarket of the Tampa Bay MSA. This stretch of State Road 54 has an AADT of 60,000 and is expected to increase by more than 50% by 2045 according to FDOT (Florida Department of Transportation), reflecting the exceptional growth trajectory of this corridor. Population within a mile of the site is expected to increase by 3.55% annually over the next 5 years, far exceeding the national average of 0.5%. Within a 3-mile radius, there is a population of 48,933 and an average household income of $159,211.
The asset represents an attractive investment opportunity for investors seeking stable, passive cash flow backed by a nationally recognized healthcare anchor in AdventHealth (S&P: AA) alongside a regional dental service organization and a neighborhood veterinary practice. All three tenants are destination-based, service-oriented uses that are insulated from e-commerce headwinds and drive consistent consumer traffic to the center. The result is a low-management, fully stabilized asset with credit-backed income, a 6.2-year WALT, and a location in one of Tampa Bay’s most supply-constrained, high-growth suburban corridors.