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Inverness, FL - Powell Square

$2,090,000

1213-1221 U.S.-41 & 1106-1110 Sterling Rd, Inverness, FL 34450

Active
Last Updated: 06/17/2026

6.98

Cap Rate

145,960

NOI

Details:
Cap Rate:    6.98%
NOI:    $145,960
Building Size:    11,360 sqft
Lot Area:    1.46 acres
Occupancy:    100%
Year Built:    1972
Zoning:    C Commercial
Year Last Renovated:    1988
Description:

• All tenants recently renewed their leases and multiple leases have been restructured to net, showing commitment to the site, and reducing LL obligations
• H&R Block is the only tenant on a gross lease and has occupied the space for over 20 years, offering the investor opportunity to add value at lease expiration
• Diverse mix of automotive, service and restaurant tenants
• Kava Bar and Uptown Jewelers have been in place for over 3 years. Highland West Salon and Abel Auto Motive in place for over 5 years. Viet Deli and Tina’s Beauty Salon in place for over 10 years.

• Subject is located adjacent to a Publix anchored shopping center and Winn-Dixie
• Less than 0.5 miles from Planet Fitness-anchored Shopping Center
• Adjacent Dairy Queen draws additional traffic to the property
• Nearby are recently developed Chipotle, 7-11 and Corta Commons Center

Map:
Location
Gallery