For Sale
$2,700,000

1231 Us-41Inverness, FL 34450

High-yield, 20-year NNN Dairy Queen

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple, 3,439 square foot Dairy Queen located in Inverness, Florida. The property boasts a new 20-year absolute NNN sale-leaseback agreement with a top-performing franchisee, ensuring consistent cash flow. Situated on a 0.58-acre lot with excellent visibility and direct access to US Highway 41, a major arterial road, this location benefits from high traffic volume. The property's strong tenant, recognized for various awards, operates within a thriving retail environment, surrounded by national brands such as Publix, Winn-Dixie, and numerous other restaurants and retailers. Proximity to HCA Florida Citrus Hospital, Withlacoochee Technical College, Citrus County Governmental Offices, and Citrus High School further enhances the location's appeal. The building was renovated in 2010. The asking price is $2,700,000, representing a 5.50% cap rate and a price per square foot of $785.11. The property generates a net operating income (NOI) of $148,500. This is a rare opportunity to acquire a stable, long-term investment in a prime location within a tax-free state. The property features 100% occupancy.

Highlights

  • Absolute NNN lease, sale-leaseback at closing.
  • 3,439 SF single-tenant Dairy Queen retail building.
  • 0.58-acre lot.
  • Excellent visibility and access to US Highway 41.
  • Top-performing, award-winning franchisee.
  • Strong surrounding retail, including Publix and Winn-Dixie, plus nearby hospital, college, and schools.

Property Details for 1231 Us-41

Property type
Retail properties
Square Feet
3,439 SF
Year Renovated
2010
Lot Size (sq. ft)
25,265 SF

Location Insight

City
Inverness
County
Citrus
State
Florida
Latitude
28.8386588
Longitude
-82.3436421
1231 Us-41, Inverness, Florida

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1231 Us-41
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