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14.62 ACRES-SALE OR GROUND LEASE OPPORTUNITY 1449 Lecanto Hwy 14.62 Acres of Commercial Land for Lease in Lecanto, FL 34461

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HIGHLIGHTS

Located nearby a rapidly expanding development of retail and residential properties and near the Suncoast Parkway exit at CR 486.
Consists of 14.62 acres of pasture land zoned GNC (Commercial).
Parcel has 1.013 feet of frontage on CR 491 with curbs and gutters and all utilities at the site.

Median cut with left and right turn lanes is being built as part of the CR 491 road widening project that will be completed by the end of 2025.
The median is eligible to have a proposed traffic signal installed when the volume of cross-traffic warrants it.
Owner is seeking ground lease and/or sale - either Big Box retailers or will subdivide for smaller tenants

LOT AVAILABLE

Rental Rate	Upon Request Upon Request Upon Request Upon Request	Lot Size	14.62 AC
Lease Term	Negotiable

Rental Rate	Upon Request Upon Request Upon Request Upon Request
Lease Term	Negotiable
Lot Size	14.62 AC

DBTG is the owner of a 14.62-acre parcel zoned GNC (Commercial) on CR 491 (North Lecanto Highway) in Citrus County FL 34461. The Property Appraiser’s reference of Altkey 3526672.

It has 1,013 feet of frontage on CR 491 with a median cut having 300 feet of left and right turn lanes. This intersection can have a traffic signal installed when cross-traffic volumes warrant it.

There is 1,013 feet of sidewalk with curbs and gutters across the entire front. All utilities are at the site.

A 40' wide commercial entrance is in place.

The site is currently pastureland and requires minimal site work. It has a working well that can be used for irrigation. All utilities, electricity, sewer, water, cable, natural gas, etc., are at the site.

The owner is seeking tenants interested in ground lease arrangements.

Recent retail construction activities by major chains and planned residential developments have been dramatic. Over the last two years, the area within a half-mile of the CR 486/CR 491 intersection experienced rapid retail growth. Join retailers Target, Walmart, Hobby Lobby, Aldi, Skechers, McDonald's, Pet Smart, Mavis Tire, Culver’s Texas Roadhouse, Five Guys, Panera, Starbucks, Panda Express, WAWA, Wendy’s, Glory Days Grill, and 7-Eleven.

Other retailers are in the process of development and include BJ's Warehouse, Sprouts Farmer's Market, Chipotle, Arby's, Planet Fitness, America's Best Eyeglasses, Five Below, KFC, Taco Bell, Firehouse Subs, AT&T, Skechers, Planet Fitness, Five Below, Express Oil Change, Florida Credit Union, and Quick Care Medical.

PROPERTY OVERVIEW

Citrus County is located on the northwest central coast of Florida. As of the 2020 census, the population was 153,843. It is part of the Homosassa Springs, Florida Metropolitan Statistical Area. With the completion of Phase 1 of the Suncoast Parkway to SR 44 in 2022, Citrus County has experienced significant retail and residential growth. The CR 486/CR 491 corridor has rapidly developed in the last two years. The expected completion of Phase 2 of the Suncoast Parkway to CR 486 in 2026 will increase the attractiveness of this area to commuters. It is conveniently positioned on the Gulf Coast of Florida, 75 miles north of Tampa and 78 miles west of Orlando. This property is located near the intersection of CR 486 and CR 491. Over the last two years, the area within a half-mile of the CR 486/CR 491 intersection experienced rapid retail growth. Join retailers Target, Walmart, Hobby Lobby, Aldi, Skechers, McDonald's, Pet Smart, Mavis Tire, Chipotle, Skechers, Culver’s, Texas Roadhouse, Five Guys, Panera, Starbucks, Panda Express, WAWA, Wendy’s, Glory Days Grill, and 7-Eleven. Other retailers are in the process of development and include BJ's Warehouse, Sprouts Farmer's Market, Arby's, Planet Fitness, America's Best Eyeglasses, Five Below, KFC, Taco Bell, Firehouse Subs, AT&T, Five Guys, Longhorn Steakhouse, Planet Fitness, Chase Bank, Express Oil Change, Florida Credit Union, and Quick Care Medical. DBTG is the owner of a 14.62-acre parcel zoned GNC (Commercial) on CR 491 (North Lecanto Highway with the Property Appraiser’s reference of Altkey 3526672. Citrus County is expanding CR 491 to 4 lanes, and the project is expected to be completed by the end of 2025. The parcel is pastureland, and the road widening project is constructing a median cut with left and right turn lanes at the entrance to the site. Upon completion, this will create a 600-foot-long intersection area extending from the beginning of the left turn lane to the beginning of the right turn lane. The site qualifies for a proposed traffic signal once cross-traffic counts warrant it. The site is ideal for a single big box tenant or multiple out parcels. The owner is seeking NNN ground leases.