Single-Tenant NNN Retail
For Sale
Contact for pricing
3499 W Norvell Bryant Hwy, Lecanto, FL 34461
New 20-year absolute net BJ's Wholesale lease is slated to open December 2026 at 3499 W Norvell Bryant Hwy.
Property Size106,370 SF
Price / SF$243.62
Days on Market96
Property Features for 3499 W Norvell Bryant Hwy
General Information
Standard status
Active
Size
106,370 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$1,360,472
Building Details
Year Built
2026
Buildings
1
Tenancy
Single
Listing Agency:
Atlantic Capital Partners
Listed By:
Patrick Wagor · License #SL3185318
(561) 427-6151
Source:
Crexi
Added: Jul 20
Changed: Oct 16
Last Checked: Oct 23 at 3:57AM
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 Atlantic Capital Partners
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Investment Insights
Based on property information with market context.
Atlantic Capital Partners is exclusively soliciting offers for the sale of a new 20-year absolute net (NNN) retail lease occupied by BJ's Wholesale. BJ's is scheduled to open in December 2026.
The property is located at 3499 W Norvell Bryant Hwy in Lecanto, FL. The offering is structured as an absolute net lease, aligning tenant obligations with the long-term term of the agreement.
Because the tenant is scheduled to open in December 2026, the asset is being marketed in connection with the forthcoming BJ's occupancy under the 20-year absolute net lease.
The property is located at 3499 W Norvell Bryant Hwy in Lecanto, FL. The offering is structured as an absolute net lease, aligning tenant obligations with the long-term term of the agreement.
Because the tenant is scheduled to open in December 2026, the asset is being marketed in connection with the forthcoming BJ's occupancy under the 20-year absolute net lease.
Key Highlights
- New 20‑year absolute net BJ's Wholesale lease in Lecanto, FL
- BJ's is scheduled to open in December 2026
- Property address: 3499 W Norvell Bryant Hwy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,021,950
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,439,000
$20.4M
Cap Rate 7%
$14,599,286
$14.6M
Cap Rate 9%
$11,355,000
$11.4M
Market Conditions
NOI Build-Up for 106,370 SF
Gross rent
$1.60M $15.00/SF
− Vacancy
−$135.6K −$1.28/SF
EGI
$1.46M $13.73/SF
− OpEx
−$438.0K −$4.12/SF
NOI
$1.02M $9.61/SF
Area
Citrus County, FL
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,439,000
Cap Rate 7%
$14,599,286
Cap Rate 9%
$11,355,000
Alternative Uses
Best Use
Retail
$14.60M
$12.77M – $17.03M
NOI $1,021,950 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$23.90M
$20.91M – $27.88M
NOI $1,673,078 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
282k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 31%
Superstores 31%
Walmart
Superstores
86,695 visits/mo
0.2 miles
Wawa
Shops & Services
49,804 visits/mo
0.5 miles
Hobby Lobby
Shops & Services
35,109 visits/mo
0.3 miles
McDonald's
Dining
31,409 visits/mo
0.4 miles
Panda Express
Dining
22,179 visits/mo
0.4 miles
Demographics for 34461, FL
11,388
Population
5,552
Households
2.1
Avg Household Size
58
Median Age
23%
College-Educated
92%
High-School Grad
45.8 sq mi
ZIP Area
249
Density / Sq Mi
$60,795
Median Household Income
$33,825
Median Earnings
$1,190
Median Rent
$287,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - New 20-year absolute net BJ's Wholesale lease is slated to open December 2026 at 3499 W Norvell Bryant Hwy.
Where is this retail space located?
The property is located at 3499 W Norvell Bryant Hwy Lecanto, FL.
What is the asking price?
The asking price for this property is $25,914,000.
What are key features of this property?
This property features: New 20‑year absolute net BJ's Wholesale lease in Lecanto, FL; BJ's is scheduled to open in December 2026; Property address: 3499 W Norvell Bryant Hwy
