1213-1221 US 41 & 1106 - 1110 Sterling Rd - Freestanding FOR SALE


Inverness, FL 34450
$2,146,000 USD
954-703-3602
1213-1221 US 41 & 1106 - 1110 Sterling Rd, Inverness, FL for Sale
$2,146,000 USD
Freestanding - FOR SALE
1/9
null | 6.8% Cap Rate

1213-1221 US 41 & 1106 - 1110 Sterling Rd
Inverness, FL 34450


HIGHLIGHTS

  • High Traffic Visibility
  • 100% Occupied | NNN Leases | Limited Landlord Responsibilities | Diversified Tenant Lineup | Recent Lease Extensions
  • Adjacent Publix-Anchored Center | Surrounding Retail
  • Two Adjacent Parcels | Recent Improvements | Redevelopment Opportunity

OVERVIEW

• 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.

FOR SALE DETAILS

PRICE

$2,146,000 USD

PRICE/SF

$189 USD /SF

CAP RATE

6.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Powell Square - Inverness FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,623 SF

ZONING

C

APN/PARCEL ID

20E-19S-18-0040-000C0-0010

ASK ABOUT THIS PROPERTY

Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

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Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

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