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Brooksville Plaza - 13370 Cortez Boulevard Brooksville FL

Listing was updated at: 06/03/2019
Brooksville Plaza - 13370 Cortez Boulevard Brooksville FL Brooksville Plaza - 13370 Cortez Boulevard Brooksville FL

Property Overview

Price/Rent PSF $ 2,786,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 11,782
Date Available 03/01/2018
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Description

Strong Retail Corridor
Immediately surrounding the property are numerous national retail anchors such as Walmart, Sam’s Club, Beall’s, Ross, Marshalls, Bed Bath & Beyond, Petco, Ulta and Sears (along with an array of quick service restaurants).

Attractive Lease Structures
The leases in the property are all structured as triple net with annual increases. Most also include options to renew.

Long Average Term Remaining
The leases in place all have a favorable amount of term remaining, with the first lease not coming due until 2020. Additionally, Gamestop recently renewed their lease, showing their commitment to the location.

National Tenant Mix
The property features a diverse, recognizable tenant mix that includes Amscot, Gamestop, H&R Block, Cricket Wireless, and a multi-unit nail salon operator.

High Visibility Location
The property is located on Brooksville’s main retail thoroughfare, Cortez Boulevard, which receives traffic counts of 38,000+ vehicles per day.

Recent Capital Improvements
The parking lot was recently restriped/sealed along with improvements to the façade.

Property Address
13370 Cortez Boulevard
City, State
Brooksville, FL 34613
Year Built
2005
Rentable Square Feet
11,782

Lot Size
1.12 Acres

Asking Price
$2,786,000

NOI
$194,989
Cap Rate
7.00%

Price/SF
$236.46

Lease Type
NNN

Occupancy
85%

Roof
Built Up Membrane (Original Roof)

HVAC
Rooftop Units (Separately Metered)

Location

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