1449 N Lecanto Hwy, Lecanto, FL 34461

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 radius 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, Sprouts Farmer's Market, and 7-Eleven. Other retailers are in the process of development and include BJ's Wholesale Club, 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, Fifth Third Bank, 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. It features a median cut at the entrance, accompanied by 300 feet of right and left turn lanes that allow traffic to enter and exit from both the north and south directions.

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. The site qualifies for a 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, BTS, or sales. The owner is willing to consider seller financing.