Inverness, FL - Powell Square
$2,090,000
1213-1221 U.S.-41 & 1106-1110 Sterling Rd, Inverness, FL 34450
6.98
Cap Rate
145,960
NOI
Details:
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
Location
Gallery