For Sale
$4,487,300

2225 Highway 44Inverness, FL 34452

High-yield, long-term restaurant investment.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 6,174-square-foot Outback Steakhouse located on a 3.33-acre lot at 2225 Hwy 44 W, Inverness, FL 34452. The property boasts an absolute NNN lease with a corporate guarantee from Bloomin' Brands, offering ±12.3 years remaining on the primary term, plus three 5-year renewal options. Enjoy attractive annual rent escalations of 1.8%. The restaurant benefits from excellent visibility and accessibility on Highway 44 West (29,400 vehicles per day), situated just two miles west of downtown Inverness and near the intersection with US Highway 41 South (18,400 vehicles per day), providing convenient access to Tampa. Its strategic location is complemented by proximity to a medical office building, a Chevrolet dealership, RaceTrac, Starbucks, and newly constructed apartments. The property is surrounded by significant retail development, including the Shops at Inverness, Citrus Center Shopping Mall, Citrus Plaza, and Highland Square Shopping Mall, featuring a wide array of national retailers. Built in 2001, this 100% occupied property generates a strong net operating income (NOI) of $269,238, representing a 6.00% cap rate and a price per square foot of $726.81. The asking price is $4,487,300. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential in a thriving retail corridor.

Highlights

  • Absolute NNN lease with corporate guaranty from Bloomin' Brands; ±12.4 years remaining, plus three 5-year options.
  • Annual rent escalations of 1.80%.
  • Excellent visibility and access on Highway 44 West (29,400 VPD), near downtown Inverness, with proximity to US Highway 41 South (18,400 VPD) and easy access to Tampa.
  • Strategic location near medical office building, Chevrolet dealership, RaceTrac, Starbucks, and new apartments.
  • Strong surrounding retail presence including several major shopping centers anchored by numerous national retailers.

Property Details for 2225 Highway 44

Property type
Retail properties, Restaurants
Square Feet
6,174 SF
Year Built
2001
Lot Size (sq. ft)
145,055 SF

Location Insight

City
Inverness
County
Citrus
State
Florida
Latitude
28.8394067
Longitude
-82.3594913
2225 Highway 44, Inverness, Florida

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2225 Highway 44
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