NNN Bank Property with
New
For Sale
$2,950,000
3643 North Lecanto Highway, Beverly Hills, FL 34465
Freestanding branch leased to Truist Bank under an absolute NNN structure with renewal options and scheduled rent increases.
Property Size4,664 SF
Price / SF$632.50
Days on Market3
Property Features for 3643 North Lecanto Highway
General Information
Standard status
Active
Size
4,664 SF
Total Parking Spaces
23
Property subtype
Retail
Financials
Asking Price
$2,950,000
Cap Rate
5.53%
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Road Access
Yes
Building Details
Building Size
4,664 SF
Year Built
1989
Buildings
1
Tenancy
Single
Listing Agency:
eXp Commercial - FL
(973) 382-4433
Listed By:
Mercedes Martin · License #FL #bk3257231
(973) 382-4433
Source:
7s
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 13 at 3:39AM
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 eXp Commercial - FL
Investment Insights
Based on property information with market context.
This 4,664 SF bank building was constructed in 1989 and operates as a full-service branch with drive-through facilities. The property includes 23 parking spaces, with recorded rights to 13 additional spaces. Truist Bank has occupied the location since 2008 under a sale-leaseback arrangement, and the lease places repairs, maintenance, taxes, and operating expenses with the tenant.
The lease currently runs through September 30, 2028, following exercise of the first 12-year renewal option in 2016. Six additional five-year renewal options could extend occupancy to approximately 2058. Contractual rent increases of 1.5% annually continue through September 2038, and the investment carries a 5.53% cap rate on in-place rent. The property is located on N Lecanto Highway, also identified as CR-491, within an established retail area near Walmart Neighborhood Market, ALDI, CVS, Winn-Dixie, and Regions Bank.
The lease currently runs through September 30, 2028, following exercise of the first 12-year renewal option in 2016. Six additional five-year renewal options could extend occupancy to approximately 2058. Contractual rent increases of 1.5% annually continue through September 2038, and the investment carries a 5.53% cap rate on in-place rent. The property is located on N Lecanto Highway, also identified as CR-491, within an established retail area near Walmart Neighborhood Market, ALDI, CVS, Winn-Dixie, and Regions Bank.
Key Highlights
- 4,664 SF bank building constructed in 1989
- Direct lease obligation of Truist Bank under an absolute NNN lease
- Full‑service branch with drive‑through facilities
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Home Improvements & Furnishings 29%
Dining 11%
Dollar General
Shops & Services
8,547 visits/mo
0.1 miles
Carter's Ace Hardware of Beverly Hills
Home Improvements & Furnishings
8,264 visits/mo
0.5 miles
Truist
Shops & Services
3,014 visits/mo
0.5 miles
Regions Bank
Shops & Services
2,821 visits/mo
0.4 miles
H&R Block
Shops & Services
2,016 visits/mo
0.1 miles
Demographics for 34465, FL
17,960
Population
9,466
Households
1.9
Avg Household Size
58
Median Age
22%
College-Educated
92%
High-School Grad
24.3 sq mi
ZIP Area
739
Density / Sq Mi
$55,513
Median Household Income
$32,536
Median Earnings
$1,146
Median Rent
$233,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding branch leased to Truist Bank under an absolute NNN structure with renewal options and scheduled rent increases.
Where is this nnn property located?
The property is located at 3643 North Lecanto Highway Beverly Hills, FL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 4,664 SF bank building constructed in 1989; Direct lease obligation of Truist Bank under an absolute NNN lease; Full‑service branch with drive‑through facilities
