Single-Tenant NNN Retail
3499 W Norvell Bryant Hwy Lecanto, FL 34461
New
For Sale
Contact for pricing
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 Market5
Property Features for 3499 W Norvell Bryant Hwy
General Information
- Standard status
- Active
- Size
- 106,370 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2026
Listing Agency:
Atlantic Capital Partners
(561) 427-6699
Listed By:
Patrick Wagor · License #SL3185318
Source:
Crexi
Added: Jul 20
Changed: Jul 24
Last Checked: Jul 24 at 12:12PM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.60M | $15.00 |
| − Vacancy | −$135.6k | −$1.28 |
| EGI | $1.46M | $13.73 |
| − OpEx | −$438.0k | −$4.12 |
| NOI | $1.02M | $9.61 |
106,370 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
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
