Share This Listing

Message

961 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

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 Massage and Facial Spa began in 2004 as a spa concept built around accessible wellness services and has since grown into a franchised massage and facial spa brand. The business centers on therapeutic massage, facial treatments, and related spa offerings, with membership-based services designed for recurring visits. Public company materials describe a substantial North American footprint with spas across the United States and Canada, supported by a franchise network. Hand & Stone continues to position its model around personal care, professional services, and a broad spa-services platform.

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

Founded in 1956 as Mike's Subs in Point Pleasant, New Jersey, the business grew from a small seaside sandwich shop into a franchised restaurant brand. Jersey Mike's focuses on submarine sandwiches prepared in store with sliced meats and cheeses, baked bread, and customizable toppings. The company has expanded across the United States and into international markets while keeping its core menu centered on cold subs, hot subs, chicken, salads, sides, catering, and digital ordering options. The brand's service style emphasizes made-to-order sandwiches and a preparation method known as Mike's Way.

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
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Nearby Major Retailers

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

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

Contact the Sale Advisor

12372 Cortez Blvd

Have an account? Log In

What's your inquiry about?*

Select Option

Select at least one option

Preferred Date*

Preferred date is required

First Name*

Last Name*

Email*

Email address is required

Phone*

Ext (optional)

Company (optional)

Message*

Message is required

{{getContactFormMessageFieldCharacterCount()}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Notice.

Hmm, there seems to have been an error sending your message. Please refresh the page and try again.

Your message has been sent.
Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}