spring hill plaza - loopnet€¦ · • spring hill plaza, a 116,917 sf neighborhood shopping...
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SPRING HILL DRIVE
KASS CIRCLE
SPRING HILL PLAZA Offering Memorandum RETAIL SHOPPING CENTER – 116,917 SF
7325-7429 Spring Hill Drive, Spring Hill, FL 34606
For more information Whitney Carr-Peterson
954.401.9044 Direct
INVESTMENT OPPORTUNITY
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any specific listing conditions imposed by our principals.
SPRING HILL PLAZA RETAIL SHOPPING CENTER – 116,917 SF
OFFERING SUMMARY
PRICE $14,000,000
PRICE PER SQUARE FOOT $119.00
SIZE 116,917 SF
YEAR BUILT 1968
LOT SIZE 673,032 SF
ZONING COMM
VITAL DATA
CAP RATE – CURRENT 7.0% NOI – CURRENT $920,000 aprx
VITAL DATA – SELECTED TENANTS
SAVE-A-LOT HABITAT RESTORE
FAMILY DOLLAR ATA CAREER EDUCATION
US POSTAL SERVICE EL RANCHITO
GREENLINE FITNESS ADVANCED PET CARE
ACE CASH EXPRESS METRO PCS
CAREPOINT PHARMACY FREEWAY INSURANCE
OFFERING MEMORANDUMSpring Hill Plaza
PROPERTY HIGHLIGHTS
• Spring Hill Plaza, a 116,917 SF neighborhood shopping center, is strategically located in Hernando County, one ofFlorida’s fastest-growing areas.
• The property has frontage on both Spring Hill Drive and Kass Circle, within walking distance to thousands of residents.• The shopping center is home to notable tenants like Save-A-Lot, Habitat for Humanity Restore, the US Postal Service,
metroPCS, and many more.
For more information contactWhitney Carr-PetersonLas Olas Real Estate Professionals (954)401-9044
OFFERING MEMORANDUMSpring Hill Plaza – 116,917 SF Available
LOCATION FEATURES
• Located on Spring Hill Drive at the Corner ofKass Circle
• Shopping center is within a 10 minute drive ofmore than 70,000 residents
• High visibility with easy access• 583 Parking spaces• Established, loyal customer base
For more information contactWhitney Carr-PetersonLas Olas Real Estate Professionals (954)401-9044
OFFERING MEMORANDUMSpring Hill Plaza – 116,917 SF Available
SHOPPING CENTER PLAN
For more information contactWhitney Carr-PetersonLas Olas Real Estate Professionals (954)401-9044
INCOME & EXPENSE SUMMARY
CURRENT OCCUPANCY 74%
TOTAL SF 116,917 SF
VACANT SF 26%
AVERAGE IN-PLACE GROSS RENT/SF $11.00 GROSS RATE $13.10
ANNUALIZED IN-PLACE GROSS RENTS
OFFERING MEMORANDUMSpring Hill Plaza – 116,917 SF Available
ASKING SALES PRICE $14,000,000.00
CAP RATE ON IN-PLACE INCOME 7.0% $119.00 PSF
F
For more information contactWhitney Carr-PetersonLas Olas Real Estate Professionals (954)401-9044
$1,174,000 approx