Single-Tenant Specialty
For Sale
Contact for pricing
1632 3rd St, Leesburg, FL 34748
Single-tenant building leased on an NNN basis with a standing seam roof and rent commencement in June 2020.
Property SizeContact for details
Days on Market126
Property Features for 1632 3rd St
General Information
Standard status
Active
Property subtype
Industrial
Occupancy
100%
Additional Details
Cap Rate
8.3%
Building Details
Tenancy
Single
Listing Agency:
Grizzard Commercial Real Estate Group
(352) 396-9136
Listed By:
Dan Tatro · License #FL 3190991
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 3:19PM
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 Grizzard Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This single-tenant specialty building is currently leased to a national credit tenant with an initial five-year term and two additional five-year options. The lease is structured as an NNN arrangement, and the tenant is already in place and operating with rent commencement of June 15, 2020.
The property’s initial performance reflects an average NOI of $289,000 over the initial five years, with a stated 8.3% cap rate. A standing seam roof is included as part of the building improvements.
Located in Leesburg, Florida, the asset provides an income-focused ownership structure supported by the existing in-place tenancy under the referenced lease terms.
The property’s initial performance reflects an average NOI of $289,000 over the initial five years, with a stated 8.3% cap rate. A standing seam roof is included as part of the building improvements.
Located in Leesburg, Florida, the asset provides an income-focused ownership structure supported by the existing in-place tenancy under the referenced lease terms.
Key Highlights
- Single‑tenant building leased to a national credit tenant on an NNN basis
- Initial 5‑year lease with two (2) additional 5‑year options
- Average NOI of $289,000 over the initial 5 years
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
Demographics for 34748, FL
45,481
Population
25,740
Households
1.8
Avg Household Size
60
Median Age
24%
College-Educated
90%
High-School Grad
39.4 sq mi
ZIP Area
1,154
Density / Sq Mi
$53,768
Median Household Income
$30,762
Median Earnings
$1,181
Median Rent
$226,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Specialty property - Single-tenant building leased on an NNN basis with a standing seam roof and rent commencement in June 2020.
Where is this specialty property located?
The property is located at 1632 3rd St Leesburg, FL.
What are key features of this property?
This property features: Single‑tenant building leased to a national credit tenant on an NNN basis; Initial 5‑year lease with two (2) additional 5‑year options; Average NOI of $289,000 over the initial 5 years
