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Property profile & analytics
OFF-MARKET Estimated value $1,240,000
Commercial land

1838 Lecanto Hwy Lecanto, FL 34461

1.06 ac lot
Entity Owned 3-yr Hold Free & Clear
Property ID
US18-2053886
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.06 ac (46,304 SF)
Zoning code GNC GEN COMMERCIAL
APN 18E-18S-28-0050-005.0
UPID US18-2053886
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.32M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.24M
Owner & transaction history
Cft Nv Developments LLC · 3 yrs held
Cft Nv Developments LLC
since 2023
Last sale
$1.1M
1 recorded transaction
2023
$1.1M
Zoning & alternative use
GNC GEN COMMERCIAL · Lecanto, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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