809 Main StInverness, FL 34450
Florida Retail Investment: 4.65% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
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
Nearby Similar for Sale
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