Inverness, FL - Powell Square
$1,817,000
1213-1221 U.S.-41 & 1106-1110 Sterling Rd, Inverness, FL 34450
6.54
Cap Rate
118,802
NOI
Details:
Description:
• All leases except for H&R Block are gross and month-to-month.
• These lease structures present an opportunity to restructure and increase cash flow.
• 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.
• H&R Block (NYSE: HRB) has been in place for over 25 years.
• The subject is located adjacent a Publix anchored shopping center and a Winn-Dixie.
• Less than 0.5 mile from Planet Fitness-anchored Inverness Regional Shopping Center.
• Adjacent Dairy Queen draws additional traffic to the property.
• Nearby are recently developed Chipotle, 7-11 and Corta Commons Center.
Location
Gallery
