3475 S Suncoast Blvd

Prime Medical Office Building occupied by credit tenant Tampa General Hospital with an NNN lease, securing income through 2028 and the potential for renewal. This freestanding Medical Office Facility, constructed from a concrete block with a stucco exterior, has undergone multiple improvements over the 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.
Property Highlights
-Credit Tenant: Leased to Tampa General Hospital with secure NNN income through 2028 and strong renewal potential.
-Prime Location: Positioned on 1.04 acres of General Commercial property with over 160 feet of frontage on US 19 and a daily traffic count of 28,000 AADT.
-Recent Upgrades: Constructed with concrete blocks and stucco, the building has seen significant improvements within the last decade.
-Medical-Ready Infrastructure: Includes a reception area, four restrooms, seven exam rooms, five private offices, a surgery room, a lab room, and multiple nurse stations.
-Ample Parking: 25 on-site parking spaces with an additional 16 overflow spaces owned by the county.
-Nearby Amenities: Close to national retailers like Publix, Winn-Dixie, and numerous quick-service restaurants.
-Strong Patient Demographics: 5-mile radius population of 31,734 with healthcare expenditures exceeding $75 million annually.
-Growing Community: Located within Citrus County, part of the Tampa-St. Petersburg MSA, the area is experiencing rapid growth, with a population increase of 1.29% per year.
-Enhanced Connectivity: Recent US 19 expansion to six lanes and the Suncoast Parkway extension to SR 44 provide easy access to Tampa and neighboring counties.
-Development Potential: Citrus County has over 60,000 vacant parcels approved for development, with extensive plans to expand infrastructure and improve major highways.
Logistic Details:
-County Road 486 runs entirely along West Norvell Bryant Highway. It runs West to East from SR 44 east of Crystal River into US-41 in Hernando, just south of the southern terminus of SR 200. The route was once former SR 486. County Road 486 spans 4 lanes, is almost entirely a divided highway, and is flanked by a parallel bicycle path on the south side.
-County Road 491 is Lecanto Highway, a bi-county South to North road that begins at the Hernando-Citrus County Line in Oak Grove near the Withlacoochee State Forest, and ends at SR 200 in Stoke's Ferry, just south of the intersection with the northern segment of CR 39. It was formerly designated as SR 491.
-County Road 44 (often marked as County Road 44W) exists as the western tip of old Florida State Road 44, south of "Downtown" Crystal River. The suffix "W" was most likely added to not confuse this section with State Road 44, to the north, and to show its location by being west of US 19 and US 98(SR 55). As with the majority of these type of 'coastal spur' routes, in West Central Florida, it is county maintained.
-U. S. Route 19 (US-19) runs 264 miles (425 km) along Florida's West Coast from an interchange with U. S. Route 41 in Memphis, Florida, south of Tampa, and continues to the Georgia border north of Monticello, Florida. Newly 6 lane Hwy constructed from Hernando County line to Fort Island Trail and US 19 in Crystal River, Florida.
Suncoast Parkway:
The Suncoast Parkway recently opened was a of $135 Million Dollar expansion which extends 13 miles north from US-98 to SR 44 which features 15 new bridges, electronic tolling gantries and the extension of The Suncoast Trail part of the Florida's Statewide Greenways and Trail System. The Suncoast Parkway is just 68 Miles 1 hour and 15 mins from Tampa making it a great commuting Highway for workforce seeking to be outside of the Tampa traffic. The Veterans Expressway and Suncoast Parkway is a north–south toll road near the Florida Gulf Coast. Maintained and operated by Florida's Turnpike Enterprise, this 68-mile transportation corridor extends from State Road 60 in Tampa, north to State Road 44 near Lecanto.
Citrus County Growth:
Citrus County, Florida's estimated population is 155,582 with a growth rate of 1.29% in the past year according to the most recent United States census data. Citrus County, Florida is the 34th largest county in Florida. The 2010 Population was 141,173 and has seen a growth of 10.21% since this time. Citrus County's current LDC allows for approximately a population of 350k residencies. Given the expansion of the Suncoast Parkway and the 6 lane expansion of US 19 we are in the path of tremendous growth. Currently, Citrus County has 60,000 vacant parcels of land prime for development. The County and incorporated Cities have plans for extensive utility expansion throughout the county including the expansion of the Crystal River Airport Runway 5000 feet to allow for larger aircraft to land and take off including a newly funded 75 acres industrial complex granted by the state to expand utilities, road reconstruction to support eighteen wheelers and to include environmentally friendly and energy conservation features.