4044 Lecanto HwyBeverly Hills, FL 34465

This exceptional investment opportunity presents a brand-new, fee-simple Advance Auto Parts store, constructed in 2024, boasting a 15-year net lease with a corporate guarantee. Located on a 1.25-acre lot in Beverly Hills, Florida (34465), this Class A property features 6,889 net rentable square feet within a 54,606 total square foot building. The property benefits from a modified NNN lease structure, with the tenant responsible for roof and parking lot maintenance, although the roof includes a 20-year manufacturer warranty. Situated approximately two miles from the Shoppes of Black Diamond (a new development including Target, ALDI, and other national retailers opening in Q1/Q2 2024), this location enjoys high visibility and traffic due to its adjacency to Walgreens and shared access at a signalized intersection. The property's strategic placement completes a five-store Advance Auto Parts cluster, establishing market dominance in Citrus County. The lease includes attractive 10% rent bumps every five years throughout the base term and three, five-year option periods, ensuring strong future returns. The property offers 34 parking spaces and is part of a thriving regional trade area, serving a substantial population base. The asking price is $2,996,428, representing a 5.60% cap rate and a price per square foot of $54.87. The current NOI is $167,800, with 100% occupancy commencing May 3, 2024. This is a rare opportunity to acquire a high-quality, strategically located net-lease property with a strong tenant and significant growth potential.