- For Sale $2,950,000
- Property Type Retail - Freestanding
- Property Size 4,664 SF
- Units 1
- Lot Size 0.9 Acre
- Property Tenancy Single Tenant
- Year Built 1989
- Date Updated Sep 16, 2026
Description
The property is positioned along N Lecanto Highway (CR-491), a major north south thoroughfare in Citrus County carrying approximately 17,800 vehicles per day, within an established retail node anchored by national daily needs retailers including Walmart Neighborhood Market, ALDI, CVS, Winn-Dixie, Regions Bank and Dunkin', with Beverly Hills Medical Center nearby supporting recurring corridor traffic.
Beverly Hills is an established Citrus County community in the heart of Florida's Nature Coast, with a blend of established and newer residential neighborhoods. The corridor is adding significant growth: more than 1,100 homes are proposed or planned across the broader N Lecanto Highway corridor, including Amber Ridge West (382 homes), 6906 N Lecanto Hwy (238 lots) and Lecanto Crossings (485 homes plus approximately 25 acres of commercial and flex). Tuscany Ranch, among Citrus County's largest ever residential approvals at 4,900 homes, and the completed CR-491 widening Phase 2 continue to drive household formation and banking demand across the trade area.eXp Commercial is excited to present the sale of a Truist Bank property in Beverly Hills, FL, a well-established location with robust branch deposits.. This property has had a long-term tenant since 2008. This NNN offering includes a 4,664 SF building on a .93-acre lot, strategically positioned along N Lecanto Hwy, a major north-south artery with over 27,500 vehicles per day, providing excellent visibility and access. The lease features fixed annual rent increases of 1.5% and renewal options, making this a solid investment with inflation protection. As a management-free asset, the tenant is responsible for all repairs, maintenance, taxes, and operating expenses, offering investors a hands-off, stable income opportunity.
Highlights
- $2,950,000 Offering Price 5.53% Cap Rate on In Place Rent of $163,156
- 40 Years of Banking at This Corner; Branch Operating Here Since 1986
- Approximately $113.7M in Branch Deposits Per FDIC; the Only Truist Location in Beverly Hills
- Contractual 1.5% Annual Rent Increases Through September 2038; Next Step to $165,603 in April 2027
- Corridor Growth: 1,100+ Homes Proposed or Planned; Tuscany Ranch Approved for 4,900 Homes
- Direct Lease Obligation of Truist Bank No Separate Guaranty Needed, the Bank Is the Obligor
- Established Retail Node: Walmart Neighborhood Market, ALDI, CVS, Winn-Dixie, Regions Bank
- First Renewal Option (Twelve Years) Exercised in 2016; Current Term Through September 30, 2028
- Full Service Drive Through Branch 4,664 SF on 0.899 Acres 23 Spaces Plus Recorded Rights to 13 More
- N Lecanto Highway (CR-491) Approximately 17,800 Vehicles Per Day
- NNN Sale Leaseback in Place Since March 2008; Absolutely Net Return Under Lease Section 3.1
- Sale Subject to Tenant Right of First Offer Under Lease Article XII; Buyer to Verify
- Six 5 Year Renewal Options Extend Potential Occupancy to Approximately 2058
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Contacts
Mercedes Martin
Location
Located at 3643 North Lecanto Highway, Beverly Hills, FL 34465, this property is part of the Beverly Hills neighborhood and Tampa St Petersburg Clearwater market.
Contact Listing Broker
Mercedes Martin