7699 S Suncoast Boulevard, Homosassa, FL 34446

Sweetwater Plaza is a mix of popular restaurant, retail and office tenants. Triple Net Leased and fee simple ownership, it includes three buildings with approximately 12,000 air conditioned square feet and a shovel ready vacant out parcel with 1.79 acres surplus land valued at $300,000 and 5.2 acres of surplus and conservation land valued at $200,000. The developed site including buildings 1,2 and 3 is on 2.13 acres. This sale includes 9.12 acres in total. Two buildings contain 3,000 s.f. each and one building has approximately 6,000. Currently at 85% occupancy, 10,200 of the of the 12,000 sf is leased and 1,800 sf is available for lease.. Tenants are long term, healthy, and high income earners. Property in excellent condition. Tenants include Breakfast Station, Bay Dermatology, Going Postal, Southern Sun Title, and Dr. Sharma Vein Center. A sixth space of 1,800 s.f. just became available and is ready for occupancy. Value of just the 3 buildings based on NOI and conservative 7.8% cap rate of the 12,000 sf income properties at 85% occupancy and current rental rates is $1,600,000. Then add and calculate the value of the 3 buildings at 100% market rate occupancy plus the value of the out parcel, conservation and surplus 7 acres and adjusted value is conservatively $2.4 million.

Additional Information
County: Citrus
Subdivision: Not on List

Property/Construction Information
Lot Size (Acres): 8.9200
Architectural Style:
Appliances:
Flooring: Carpet,CeramicTile,LuxuryVinylPlank
Lot Features: Acreage,Flat,Greenbelt
Pool:
Living Area (Sq. Ft.):

School Zoning
Elementary School:
Middle School:
High School:

Listing Information
Listing ID: 822766
Listing Status: Active
Days On Market: 169
Listing Agent: Andrew “Andy” Ponticos
Listing Agency: The Andrews Group Real Estate
Listing Agent ID: agentpontan3
Listing Agency ID: agency10580