3499 W Norvell Bryant Hwy - Retail FOR SALE
Lecanto, FL 34461 |
$25,914,000 USD
561-427-6699
3499 W Norvell Bryant Hwy
Lecanto, FL 34461
HIGHLIGHTS
- New construction BJ's Wholesale Club (NYSE: BJ) in tax-free, high-growth state with scheduled rent increases
- Absolute Net lease with 5% rent increases provides passive ownership and hedge against inflation
- Located at major regional intersection along with Target, Walmart, and Sprouts Farmers Market
- BJ's Wholesale Club operates 267 clubs and in 2025 saw $4 billion in profit on $21 billion in revenue
- Fee simple ownership allows for depreciation boosting after tax returns
- 2,100 homes are under construction in Citrus County and the extension of SR 589 to SR 44 and W. Norvell Bryant Hwy. has connected Lecanto to Tampa
FOR SALE DETAILS
PRICE
$25,914,000 USD
PRICE/SF
$244 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
STATUS
Under Construction
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
BJ's Wholesale Club | 20-YR Abs Net Lease
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Freestanding, Storefront, Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2026
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
3.45 AC
LAND SF
150,282 SF
ZONING
GNC
APN/PARCEL ID
18E-18S-21-0000-10000
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561-427-6699
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561-427-6699
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