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Advance Auto Parts 4044 N Lecanto Hwy

6,889 SF Retail Building Beverly Hills, FL 34465 $4,239,436 CAD ($615 CAD/SF) 5.60% Cap Rate

Investment Highlights

  • Brand New, 2024 construction Advance Auto Parts
  • ±1.25-acre parcel located in an emerging Regional Trade Area
  • Advance Auto is adjacent to Walgreens, sharing inter parcel, cross access at a Signalized Intersection
  • 4-sided Brick and Block upgraded architectural design
  • Advance Auto Beverly is positioned +/-2 miles north of the Shoppes of Black Diamond, a 29-acre development that includes Target, ALDI, 7-Eleven
  • The opening of AAP in Beverly Hills completes a triangulation strategy with five other nearby AAP stores, creating market dominance in Citrus County

Executive Summary

Broker of Record
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,889 SF
Building Class
B
Year Built
2024
Price
$4,239,436 CAD
Price Per SF
$615 CAD
Cap Rate
5.60%
NOI
$237,408 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.25 AC
Zoning
GNC - General Neighborhood Commercial
Parking
34 Spaces (4.94 Spaces per 1,000 SF Leased)
Frontage
400 ft on N. Lecanto Hwy

Amenities

  • Freeway Visibility
  • Signalized Intersection

Nearby Major Retailers

Bank of America
Winn-dixie Wine & Spirits
Truist
Regions Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18E-18S-11-0130-00000-0090
Land Assessment
$267,497 CAD
Improvements Assessment
$0 CAD
Total Assessment
$267,497 CAD
  • Listing ID: 32001090

  • Date on Market: 2024-06-03

  • Last Updated:

  • Address: 4044 N Lecanto Hwy, Beverly Hills, FL 34465

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