For Sale
$1,700,000

3475 Suncoast BlvdHomosassa, FL 34448

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This 6,230 square foot medical office building in Homosassa, Florida, presents a compelling investment opportunity. Located on 1.04 acres with 165 feet of frontage on US-19, it boasts a daily traffic count of 28,000 vehicles. The single-story, 1988-built structure underwent renovations in 2008 and features a concrete block and stucco exterior. Currently leased to a franchisee of Tampa General Hospital under a NNN lease expiring December 31, 2028 (with four years remaining), this property offers secure income and strong renewal potential. The building includes a reception area, waiting area, four restrooms, seven exam rooms with sinks, five private offices, a storage/file room, a lab room, and a surgery room, along with nurse station areas. Ample parking is provided with 25 on-site spaces and 16 additional county-owned overflow spaces. The property benefits from its proximity to major retailers like Publix and Winn-Dixie, and serves a patient population of approximately 31,734 within a five-mile radius, with annual healthcare expenditures exceeding $75 million. Situated in the rapidly growing Citrus County, part of the Tampa-St. Petersburg MSA, this location offers excellent accessibility due to recent highway improvements, including the six-lane expansion of US-19 and the extension of the Suncoast Parkway. Citrus County's significant growth potential is further enhanced by over 60,000 vacant parcels approved for development and ongoing infrastructure improvements. The property's zoning is GNC. The APN is 17E19S220050 02300 0030.

Highlights

  • Credit tenant: NNN lease with Tampa General Hospital through 2028, strong renewal prospects.
  • Prime location: 1.04-acre site on US 19, 160+ feet frontage, 28,000 AADT.
  • Recent upgrades: Concrete block and stucco construction, significantly improved within the last decade.
  • Medical-ready: Reception, four restrooms, seven exam rooms, five offices, surgery room, lab, multiple nurse stations.
  • Ample parking: 25 on-site spaces plus 16 county-owned overflow spaces.
  • Convenient amenities: Proximity to Publix, Winn-Dixie, and numerous restaurants.

Property Details for 3475 Suncoast Blvd

Property type
Retail properties, Office properties
Square Feet
6,230 SF
Class
C
Year Built/Renovated
1988/2008
Buildings
1
Stories
1
Lot Size (sq. ft)
45,302 SF
Units
1

Location Insight

City
Homosassa
County
Citrus
State
Florida
Latitude
28.8113209
Longitude
-82.5756959
3475 Suncoast Blvd, Homosassa, Florida

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3475 Suncoast Blvd
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