• Year Built: 1985
11433 U.S. 441 is aretail property for lease in Leesburg, FL.
Quickly escalating CAP. 6.38% with proforma growth to over 12% CAP. Fully occupied!! Low maintenance, 11 Unit Plaza with long term tenants on a busy highway with waterfront property. Lake Eustis canal sits at the rear of the property.
Owner has recently repaved the front sidewalk and had the building resurfaced and painted. Owner has also added a water filtration system to allow restaurants to be able to occupy. Tenants are currently paying under-market lease rates, allowing an aggressive CAP growth every year.
Behind the plaza there are 2.4 acres that can be used to rent space to boats, RVs, trailers, shipping containers and more. Vacant land is currently under a rezoning to commercial, perfect for storage facility and income.
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