1008 W Main St - Bank FOR SALE


Inverness, FL 34450 | 
$3,110,000 USD
407-496-1334
1008 W Main St, Inverness, FL for Sale
$3,110,000 USD
Bank - FOR SALE
1/9
null | 4.5% Cap Rate

1008 W Main St
Inverness, FL 34450


HIGHLIGHTS

  • Brand New 20-year Ground Lease with Fifth Third Bank
  • Investment grade credit – Fifth Third Bank boasts an S&P rating of ‘A-’
  • Out parcel to the dominant Shopping Center in the market. This Publix ranks Among the Top 10% in the entire country per Placer.ai
  • Fixed rental increases of 10% every 5 years throughout entire lease term
  • Primary commercial East/West thoroughfare in Inverness | High Traffic Site with Excellent Access & Exposure
  • Florida has NO STATE INCOME TAX

OVERVIEW

CBRE is pleased to present this brand new 20-year ground lease with Fifth Third Bank (Investment grade S&P Rating of A-) in Inverness, FL located just west of the highly acclaimed “The Villages” which is one of the fastest growing master planned communities in the U.S. The property is located directly on the primary east/west commercial corridor on an out parcel to the market’s dominant Publix shopping center. This Publix is among the top 10% performing Publix stores in the entire country per Placer.ai. This asset is among the most desirable type of properties sought after by 1031 exchange buyers. Investment grade credit, directly in the “retail core” of a high growth market, outparcel to a tremendously successful Publix center and a lease that allows for truly “hands off” ownership along with fixed rental increases throughout the entire lease, including options.

FOR SALE DETAILS

PRICE

$3,110,000 USD

PRICE/SF

$728 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Fifth Third Bank | New 20-Yr Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

C

APN/PARCEL ID

20E-19S-18-0030-000B0-0010,20E-19S-18-0030-000C0-0010

ASK ABOUT THIS PROPERTY

Mark DrazekCBRE, Inc.More Info
407-496-1334

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Mark DrazekCBRE, Inc.More Info
407-496-1334

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.