Retail Property Near Major
1500 U.S 41, Inverness, FL
For Sale
Contact for pricing
Retail property with attractive lease structure and annual rental increases.
Property Size3,454 SF
Lot Size0.63 Acres
Price / SF$438.62
Days on Market715
Property Features for 1500 U.S 41
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
STNL Development
(513) 438-5150
Listed By:
Nash Williams · License FL SL3477920
(689) 666-9550
Source:
Moodyscre
Added: Nov 28, 2024
Changed: Nov 4
Last Checked: Nov 12 at 8:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of STNL Development
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,454 square foot retail property is located in close proximity to Publix and Winn-Dixie. The property benefits from its location in Citrus County, which is experiencing growth. The property is situated in direct line of the US-41 lane expansion, which is expected to increase traffic counts in front of the site. The lease structure includes 2.5% annual rental increases.
Key Highlights
- Attractive lease structure with 2.5% annual rental increases.
- Citrus country growth: Property is in direct line of US‑41 lane expansion.
- Leading grocers: Tenant's locations sits 1 minute from Publix & Winn‑Dixie.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,327
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,086,540
$1.1M
Cap Rate 7%
$776,100
$776.1K
Cap Rate 9%
$603,633
$603.6K
Market Conditions
NOI Build-Up for 3,454 SF
Gross rent
$75.8K $21.96/SF
− Vacancy
−$3.4K −$0.99/SF
EGI
$72.4K $20.97/SF
− OpEx
−$18.1K −$5.24/SF
NOI
$54.3K $15.73/SF
Area
Citrus County, FL
Vacancy
4.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,086,540
Cap Rate 7%
$776,100
Cap Rate 9%
$603,633
Alternative Uses
Best Use
Specialty Retail
$776.1K
$679.1K – $905.5K
NOI $54,327 @ 7.0% cap · market cap 3.59%
Second Best
Retail
$474.1K
$414.8K – $553.1K
NOI $33,184 @ 7.0% cap · market cap 2.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,164
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Save A Lot — 222 US Hwy 41 S, Inverness, FL 34450
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Retail property with attractive lease structure and annual rental increases.
Where is this grocery and convenience store located?
The property is located at 1500 U.S 41 Inverness, FL.
What is the asking price?
The asking price for this property is $1,515,000.
What are key features of this property?
This property features: Attractive lease structure with 2.5% annual rental increases.; Citrus country growth: Property is in direct line of US‑41 lane expansion.; Leading grocers: Tenant's locations sits 1 minute from Publix & Winn‑Dixie.
