1500 Us-41 Inverness, FL 34450
- Retail properties
- 3,454 SF
- 0.63 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1500 Us-41
- Year built
- 1984
- Lot size
- 0.63 lot acres
- Property size
- 3,454 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents a fee-simple, single-tenant retail property currently leased to Green Dragon Cannabis, a corporate-guaranteed tenant. Located at 1500 US-41, Inverness, FL 34450, this 3,454 square foot building sits on a 0.63-acre lot and boasts a 10-year lease commencing September 27, 2023, and expiring September 26, 2033, with 4, 5-year renewal options. The lease includes a 2.5% annual rent increase. The property features a strong 7.60% cap rate based on a Net Operating Income (NOI) of $115,061. Built in 1984 and renovated in 2023, this property benefits from its prime location near major retailers like Publix and Winn-Dixie, and is poised for growth due to significant planned infrastructure improvements in the Inverness corridor, including a road-widening project and a new Airport Business Park creating over 700 jobs. The property's proximity to a major hospital and a high-density student population further enhances its long-term value. The asking price is $1,515,000. This is a 100% occupied, single-story building with a strong tenant and significant upside potential. The property's APN is 20E-19S-18-0050-D0030-001.3.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Inverness
- County
- Citrus
- State
- Florida
- Longitude
- -82.3442
- Latitude
- 28.843
