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9005 State Road 52

4,640 SF Retail Building Hudson, FL 34669 $6,200,000 ($1,336/SF) 6.29% Cap Rate

Investment Highlights

  • Approximately 6 Years Remaining | Options To Extend |Annual Rental Increases | Recently Extended Lease
  • Signalized, Hard-Corner Intersection (79,500 VPD) | Strong National/Credit Tenant Presence
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
  • Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Truist Bank investment property located in Hudson, Florida. The tenant recently agreed to a 5-year extension and has approximately 6 years remaining on their lease with 4 (5-year) options to extend, demonstrating commitment to the site. The lease features 2% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. As of June 2024, this branch has over $65MM of deposits, up from $53MM five years ago (24% increase). The tenant also has a credit rating of “A-”.
The Truist Bank is located at the signalized, hard-corner intersection of State Hwy 52 and Little Road, combining to average over 79,500 vehicles passing by daily. State Hwy 52 is a major retail thoroughfare serving the city of Hudson. The Truist Bank is adjacent to Plaza of The Oaks, a 200,000+ square foot center anchored by Ross and Five Below, that also features tenants such as Dollar Tree, Domino’s, Pizza Hut, and a Popeye’s pad. The subject property is less than 2 miles from a 211,000+ square foot Walmart Supercenter, one of the largest Walmarts in the state of Florida. In addition, the property is in the center of a primary retail corridor with other nearby national/credit tenants including Publix, Aldi, O’Reilly Auto Parts, Taco Bell, CVS, Dunkin Donuts, McDonald’s, Take 5 Oil Change, and more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
4,640 SF
Building Class
C
Year Built
1978
Price
$6,200,000
Price Per SF
$1,336
Cap Rate
6.29%
NOI
$390,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.01 AC
Zoning
C2, County
Parking
20 Spaces (4.31 Spaces per 1,000 SF Leased)

Nearby Major Retailers

Checkers
Truist
Publix
Aldi
EOS Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-25-16-0090-02700-0000
Land Assessment
$960,448
Improvements Assessment
$292,969
Total Assessment
$1,253,417
  • Listing ID: 34134023

  • Date on Market: 12/9/2024

  • Last Updated:

  • Address: 9005 State Road 52, Hudson, FL 34669

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