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Lecanto, FL - Corta Commons

$5,675,000

Swc Cr 486 & Cr 491, Lecanto, FL 34461

Active
Last Updated: 02/25/2025

5.65

Cap Rate

320,660

NOI

Details:
Cap Rate:    5.65%
NOI:    $320,660
Building Size:    6,273 sqft
Description:

• Opportunity to acquire Corta Commons, a brand new three tenant offering in Lecanto, FL (Tampa MSA)
• Five Guys, AT&T, and Chipotle all recently signed brand new leases with scheduled rental increases and options to extend
• Chipotle and Five Guys are corporate signed leases, and AT&T is franchisee signed by USA Wireless, Inc., an experienced AT&T operator with 140 locations

• Corta Commons is an outparcel to a new retail development that features Walmart Supercenter, Glory Days, Hobby Lobby, Panda Express, Arby’s, and more
• Across from the Shoppes at Black Diamond, a new 29-acre retail development anchored by Target
• The Shoppes at Black Diamond will feature ALDI, KFC, Starbucks, 7-Eleven, Express Oil, Texas Roadhouse, and more
• The site is located off the signalized, hard corner intersection (shared with Walmart) of W. Norvell Bryant Hwy and N. Lecanto Hwy averaging 41,600 VPD
• Brand new construction that will feature high quality materials, distinct design elements, and high-level finishes

Map:
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