1314 Main St, Leesburg, FL 34748-4937

This exceptional investment opportunity presents a fee-simple ownership of a 9,000-square-foot Pep Boys Auto Parts store located at 1314 W Main St, Leesburg, FL 34748. The property, built in 1960 and renovated in 2014, sits on a 0.43-acre lot and includes 22 parking spaces. Currently operating under a corporate-guaranteed net lease with a 100% occupancy rate, the tenant, Pep Boys, commenced operations on October 30, 2009, and the lease expires October 31, 2029. The remaining lease term is approximately 4.9 years, with two additional five-year options available, each including a 5% rent increase. The current asking price is $1,291,739, representing a price per square foot of $143.53 and a 6.75% cap rate. The property generates a net operating income (NOI) of $87,192. Landlord responsibilities are limited to roof and structure maintenance. This single-story building is situated in a high-traffic area of Leesburg, within the Orlando-Kissimmee-Sanford MSA, a rapidly growing region with a population exceeding 2.75 million. This presents a compelling opportunity for investors seeking a stable, long-term net lease investment with a strong national tenant and significant upside potential.