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

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].