1231 Us-41Inverness, FL 34450

Property Details for 1231 Us-41

Lot size

0.58 AC

Property size (Sq ft)

3,439 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Inverness

County

Citrus

State

Florida

Latitude

28.8387

Longitude

-82.3436

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