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12372 Cortez Blvd 6,104 SF 100% Leased Retail Building Brooksville, FL 34613 $4,875,000 ($798.66/SF) 5.05% Cap Rate

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Executive Summary

Prime NNN investment opportunity in one of Florida's fastest growing markets. Three strong national chains under long term leases make this the perfect choice for investors looking for worry free income. Inquire today!

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,104 SF
Building Class
B
Year Built
2022
Price
$4,875,000
Price Per SF
$798.66
Cap Rate
5.05%
NOI
$246,224
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.26 AC
Zoning
PD - Planned Development
Parking
45 Spaces (7.37 Spaces per 1,000 SF Leased)
Frontage
102’ on Cortez Boulevard

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Services
  • -
  • -
  • Triple Net
  • Nov 2032

Hand & Stone is a wellness and personal care brand founded in 2004. The company operates a nationwide network of franchised spas that offer massage, facial, and related skincare services. Headquartered in Trevose, Pennsylvania, the organization focuses on standardized service delivery across its franchise system and supports its operators through centralized corporate functions. Over time, the brand has expanded its service menu to include massage therapy, customized facials, hair removal, and skin treatment enhancements carried out by licensed professionals. Hand & Stone is structured as a privately held company and was acquired by Harvest Partners in 2022, further positioning it for continued operational growth within the wellness sector. The company’s model emphasizes recurring service usage through membership programs, which are widely integrated across its franchise locations.

  • Huey Magoo's
  • Accommodation and Food Services
  • -
  • -
  • Triple Net
  • Nov 2032
  • Accommodation and Food Services
  • -
  • -
  • Triple Net
  • Nov 2032

Jersey Mike’s Subs, founded in 1956 as “Mike’s Subs,” is a privately held, franchise-based fast-casual chain headquartered in Manasquan, New Jersey. Known for preparing East Coast–style subs “Mike’s Way” with fresh-baked bread and meats sliced daily, the brand now operates over 3,000 locations across North America. In November 2024, Blackstone acquired a majority stake, with Founder and CEO Peter Cancro retaining a significant equity position. The Bordentown branch, located in Acme Commons, opened in early 2025 with franchise owners Nick, Tom, and Patrick Ballad, following a ribbon-cutting featuring local officials. The company is ranked among the fastest-growing U.S. franchises and supports nationwide community initiatives, including its Annual Day of Giving.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Services - - Triple Net Nov 2032
Huey Magoo's Accommodation and Food Services - - Triple Net Nov 2032
Accommodation and Food Services - - Triple Net Nov 2032

Nearby Major Retailers

Chase Bank
Cheddar's Scratch Kitchen
Bonefish Grill
LongHorn Steakhouse
Chili's Grill & Bar
First Watch
Texas Roadhouse
Ruby Tuesday
Bob Evans
Carrabba’s Italian Grill

Property Taxes

Property Taxes

Parcel Number
R32-222-18-0213-0000-0060
Land Assessment
$520,461
Improvements Assessment
$1,705,757
Total Assessment
$2,226,218
  • Listing ID: 35350127

  • Date on Market: 4/2/2025

  • Last Updated:

  • Address: 12372 Cortez Blvd, Brooksville, FL 34613

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