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