3475 S Suncoast Boulevard Homosassa, FL 34448

Prime Medical Office Building occupied by credit tenant Tampa General Hospital with an NNN lease, securing income through 2028 and the potential for a renewal. This freestanding Medical Office Facility, constructed from concrete block with stucco exterior, has undergone multiple improvements over th...e past 10 years. Positioned on 1.04 acres of General Commercial property, it offers over 165 feet of frontage on US 19 with an attractive daily traffic count of 28,000 (AADT), 25 dedicated parking spaces, and an additional 16 overflow spaces owned by the county. The interior includes a waiting area, reception area, four restrooms, seven exam rooms with sinks, five private offices, a storage/file room, a lab room, a surgery room, and nurse station areas in the hallway. Centrally located, the property is surrounded by national retailers such as Publix, Winn-Dixie, and various national quick-service restaurants. The patient population within a 5-mile radius is approximately 31,734 residents, with an average age of 55.6 and healthcare expenditures exceeding $75 million annually. Nearby communities—including Floral City, Hernando, Beverly Hills, Lecanto, and Crystal River—are within a short 15-25 minute drive. Recently, US 19 was expanded to six lanes, which is expected to increase future traffic. The extension of the Suncoast Parkway (SR 589) from SR 44 in Lecanto offers easy access to Tampa International Airport (1 hour 6 minutes, or 74.7 miles away) and to surrounding counties such as Hernando, Pasco, and Hillsborough. Located within the rapidly growing Citrus County, part of the Tampa-St. Petersburg MSA—the 18th largest in the U.S.—the area has a population of 155,582, growing at an annual rate of 1.29%. Citrus County, ranked as the 34th largest county in Florida, has significant growth potential, with over 60,000 vacant parcels green-lit for development. Plans are also underway to expand utilities across the county and improve several major highways, including the recent completion of the 589-Toll Road extension to SR-44, with further expansions to CR-486 slated for early 2023. Continue reading