809 Main StInverness, FL 34450

Property Details for 809 Main St

Year built

2020

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.06 AC

Property size (Sq ft)

3,756 SF

Zone code

C COMMERCIAL

Property type

Retail properties

Property subtype

Banks

APN

20E-19S-18-21400-004.0

APU

20E19S18214000040

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,056,626

  6.5%

  $975,347

  7%

  $905,680

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,728,615

  Geo Method

  $1,728,615

• Alternative Use

  Use

  Valuation

  Residential

  $822,742

  Hospitality

  $753,627

  Educational

  $627,009

  Medical

  $648,573

  Retail

  $975,347

Location Insight

City

Inverness

County

Citrus

State

Florida

Latitude

28.8356

Longitude

-82.34

CBSA code

26140

CBSA name

HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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