Remarks

This former CVS store, with great visibility, is situated at a signalized, hard corner at North Lecanto Highway and Truman Boulevard in unincorporated Beverly Hills, Fla. The 2.41-acre parcel, with 75 parking spaces, is zoned General Commercial and offers 324 feet of frontage on busy North Lecanto Highway (CR 491). The store, 14,364 square feet of block construction, was built in 2004. CVS, which has been shuttering stores to adapt to changing consumers’ buying patterns, did not renew their lease that expired in 2024. The property lies in the most desirable Flood Zone X, outside the flood plain, and suffered no damage from either of the recent hurricanes. The HVAC units are roof mounted and all public utilities are on site. The building is fully sprinklered, with 16-foot ceilings, and the landscaping is well-maintained -- highlighted by lovely Southern Live Oak trees. Other attributes include pylon signage on CR 491, a lighted parking lot with three points of ingress-egress and a drive-thru for customer convenience that also could be utilized as covered parking. The owner/landlord is ExchangeRight, a California-based real estate investment trust that specializes in the retail and healthcare sectors in nearly 700 markets in 47 states.

Beverly Hills/Lecanto rests in Citrus County, the northernmost county in the Tampa Bay area’s 8-county metro region. Beverly Hills/Lecanto is about 65 miles north of Tampa International Airport, or one hour, traveling along the Suncoast Expressway. The “Nature Coast” provides a completely different experience from the traffic congestion and higher cost of living in Tampa-St. Petersburg. Citrus County has been chosen as one of the five best places to retire in Florida, as residents and visitors enjoy scenic rivers, crystal springs and great walking and biking trails. The world-renowned Black Diamond Ranch boasts 45 holes of Tom Fazio-designed golf and sits barely a mile from the store. Access will improve immensely as the Suncoast Parkway’s current extension nears completion to West Norvell Bryant Highway (County Road 486), just three miles to the south. That intersection is smack dab in the middle of rapid growth as evidenced by the newly built retailers, including Target, Hobby Lobby, Wal-Mart, Aldi, Starbucks, Panera, Culvers and others. The 90,000-square-foot Park Plaza retail center, sitting directly across North Lecanto Highway, draws customers from Beverly Hills, Lecanto, Citrus Hills, Pine Ridge and beyond.
Prospective Tenants:
• Dialysis center
• Plasma center/blood bank
• Urgent care
• Orthopedic center
• Physical therapy and massage therapy
• Dental care with multiple specialists
• Ambulatory surgical center
• Imaging and Radiology
• Mental health and addiction treatment facility
• Adult day care and senior community center
• Dermatology or MedSpa with cosmetic surgery
• Multidisciplinary practitioners who share MRIs, X-ray devices etc.
• Gourmet or discount grocer
• Sporting goods – especially golf, fishing and hunting
• Beer, wine and spirits
• Tools and equipment sales
• Motorcycle & specialty cart sales and service
• Private school
• Pet hotel and boarding service
• Home furnishings, flooring and interior design
• Health and fitness facility
• Indoor pickleball and/or shuffleboard courts
• Indoor golf practice facility and simulator
• Indoor batting cages and training gymnasium

Details

MLS#: TB8318017
Price: $18

Style: Retail
Sq Ft: 14364
Year Built: 2004

County: Citrus
Subdivision: OF SD
Lot Size: 324x256
Tax Fee: 52847.87