1838 Lecanto Hwy Lecanto, FL 34461

Property Details for 1838 Lecanto Hwy

Lot size

1.06 lot acres

Zone code

GNC GEN COMMERCIAL

Property type

Commercial land

APN

18E-18S-28-0050-005.0

APU

18E18S2800500050

Description

This exceptional investment opportunity presents Corta Commons, a brand-new, two-building retail center located in Lecanto, Florida, within the Tampa MSA. The 6,273 square foot property boasts three tenants: Five Guys, AT&T (leased by USA Wireless, Inc., an experienced operator with 140 locations), and Chipotle. All tenants are under brand new leases with scheduled rent increases, ensuring a strong and stable income stream. Five Guys and Chipotle have corporate-signed leases, providing additional security. The property sits on a 1.09-acre lot with ample parking (40 spaces) and features high-quality construction and design elements. Corta Commons benefits from its strategic location as an outparcel to a larger retail development including a Walmart Supercenter, and is directly across from the Shoppes at Black Diamond, a 29-acre retail center anchored by Target and including other national brands. This high-traffic location, situated on a signalized intersection averaging 41,600 vehicles per day, guarantees excellent visibility and accessibility. The property is offered fee simple with a Net Lease (NNN) structure. The asking price is $5,675,000, representing a 5.65% cap rate and a current Net Operating Income (NOI) of $320,660. Built in 2024, this property offers a rare opportunity to acquire a high-performing retail asset with significant upside potential.

Location Insight

City

Lecanto

County

Citrus

State

Florida

Longitude

-82.4859

Latitude

28.8906

CBSA code

26140

CBSA name

HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments