1372 W North Blvd
Leesburg, FL 34748
Local commercial Bien À vendre

1372 W North Blvd, a single-tenant retail property in Leesburg, FL is offered for sale with a unique, value-add opportunity. Located on the high-visibility US-441/ US-27 intersection, this 9,920 SF property offers a prime position in a rapidly growing market. Nestled within an expanding trade area, anchored by many national retailers, the property benefits from traffic counts over 40,000 AADT.
The current tenant has been in place for nearly 10 years, with in-place rents below market on a NNN monthly agreement. The potential for obtaining a greater return is achievable through a variety of outlets from renegotiating the current structure, leasing the space out to market, or occupying the space as an owner-user.
**Please do not disturb tenant. Tenant is unaware of the sale.**
Within a 5-mile radius of the property, population is expected to increase by 8.6%, incomes to increase by 12.2%, and a 9.7% increase in consumer spending by 2030!
The C-3 zoning is flexible for a variety of businesses.
Allowed Uses: Retail Sales (except permitted), Day Care Facility, Churches, Offices, Restaurants (except permitted), Animal Hospital, etc.
With the already rapid population growth, many national retailers expanded into this market, such as Culvers, Chick-Fil-A, Marshalls, Swig, 7 Brew, and Wawa. Significant projects occurring in the area include the $10.5M Susan Street Complex redevelopment, the $22M UF Health Leesburg Hospital expansion, and approval of over 40,000 new housing units across various projects to be built by 2030.