For Sale
$2,975,000

809 Main StInverness, FL 34450

Florida Retail Investment: 4.65% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ground lease for a 3,485 square foot Regions Bank branch located at 809 W Main St, Inverness, FL 34450. Built in 2020, this Class A property sits on a 1.07-acre lot in a prime retail location with high visibility and daily traffic exceeding 58,400 vehicles. The absolute NNN lease, with a corporate guarantee from Regions Bank (S&P: A-), features a remaining term of 10.6 years (expiring 07/13/2035) and includes six, five-year renewal options. Rent increases by 10% every five years, ensuring strong future cash flow. The property boasts a current NOI of $137,500 and a 4.65% cap rate. Nearby amenities include a Publix-anchored shopping center and HCA Florida Hospital. This single-tenant, core-plus investment offers a secure and attractive return with minimal landlord responsibilities. The property features a dual drive-thru and shares cross-access with other national retailers. The lease commenced July 14, 2020. This is a rare opportunity to acquire a well-located, high-performing retail investment with a strong tenant and significant upside potential. The asking price is $2,975,000.

Highlights

  • Fee-simple ground lease for a 3,485 SF Regions Bank branch, built in 2020.
  • Absolute NNN lease with 10.6 years remaining (expiring 7/13/2035), plus six 5-year renewal options; 10% rent increases every five years.
  • High-visibility location at a signalized intersection averaging 58,400 vehicles daily, across from a Publix-anchored shopping center.
  • Investment-grade tenant (Regions Bank, S&P: A-) with corporate guarantee; current NOI of $137,500 and a 4.65% cap rate.

Property Details for 809 Main St

Property type
Retail properties, Banks
Square Feet
3,485 SF
Class
A
Year Built
2020
Buildings
1
Stories
1
Lot Size (sq. ft)
46,609 SF
Units
1

Location Insight

City
Inverness
County
Citrus
State
Florida
Latitude
28.835727139205
Longitude
-82.339887201629
809 Main St, Inverness, Florida

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809 Main St
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