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Property profile & analytics
OFF-MARKET Estimated value $2,800,000
Banks

809 Main St Inverness, FL 34450-4621

3,756 SF 1.06 ac lot Built 2020
Trust Owned 5-yr Hold Free & Clear
Property ID
US18-4787278
Property summary
AI-generated overview

This exceptional investment opportunity presents a fee-simple ground lease for a 3,485 square foot Regions Bank branch located at 809 W Main St, Inverness, FL 34450. Built in 2020, this Class A property sits on a 1.07-acre lot in a prime retail location with high visibility and daily traffic exceeding 58,400 vehicles. The absolute NNN lease, with a corporate guarantee from Regions Bank (S&P: A-), features a remaining term of 10.6 years (expiring 07/13/2035) and includes six, five-year renewal options. Rent increases by 10% every five years, ensuring strong future cash flow. The property boasts a current NOI of $137,500 and a 4.65% cap rate. Nearby amenities include a Publix-anchored shopping center and HCA Florida Hospital. This single-tenant, core-plus investment offers a secure and attractive return with minimal landlord responsibilities. The property features a dual drive-thru and shares cross-access with other national retailers. The lease commenced July 14, 2020. This is a rare opportunity to acquire a well-located, high-performing retail investment with a strong tenant and significant upside potential. The asking price is $2,975,000.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2020
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,756 SF
Lot 1.06 ac (46,304 SF)
Zoning code C COMMERCIAL
APN 20E-19S-18-21400-004.0
UPID US18-4787278
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
Current use
Occupant on record · Public records
  • Western Union Bank Credit Union
  • Regions Bank Bank Loan Service
  • Rafael Jackson - Regions Mortgage Loan Officer Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.60M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.80M
Owner & transaction history
Community Ruggles Prop Trust · 5 yrs held
Community Ruggles Prop Trust
since 2020
Last sale
$2.9M
5 recorded transactions
2020
$2.9M
2020
Price N/A
2020
Price N/A
2019
$1.4M
1969
Price N/A
Zoning & alternative use
C COMMERCIAL · Inverness, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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