2225 Highway 44Inverness, FL 34452

Property Details for 2225 Highway 44

Year built

2001

Construction

WOOD

Lot size

3.31 AC

Property size (Sq ft)

6,224 SF

Zone code

C COMMERCIAL

Property type

Retail properties

Property subtype

Turn key restaurants

APN

19E-19S-13-0020-039.0

APU

19E19S1300200390

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,719,375

  6.5%

  $1,587,115

  7%

  $1,473,750

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,864,456

  Geo Method

  $2,864,456

• Alternative Use

  Use

  Valuation

  Residential

  $1,338,791

  Hospitality

  $1,226,326

  Educational

  $1,020,288

  Medical

  $1,055,378

  Retail

  $1,587,115

Location Insight

City

Inverness

County

Citrus

State

Florida

Latitude

28.8388

Longitude

-82.3597

CBSA code

26140

CBSA name

HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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