9223 Cortez Blvd
Brooksville, FL 34613

LOCATION, LOCATION, LOCATION! Now offering the Bank Of America Financial Center located on major east/West artery of Cortez Blvd (Hwy 50) and US Hwy 19 (Commercial Way) with increasingly heavy traffic counts exceeding 50k TBD and conveniently connects to I-75. Subject property is an Out Parcel of the Weeki Wachee Village Shopping Plaza home to several businesses and recognized tenants such as Winn DixIe, Snap Fitness and Hardees. This multi floor bank and office building is the best location in Hernando County. Situated on 2 acres of prime C-2 Zoned Property this is the perfect opportunity for redevelopment! Currently our only occupancy is BOA in 7,622 sf which leaves three additional units on the first floor we have 2,703 sf vacant and 10,188 sf on the second floor. Currently the monthly rent is $ 21,747.67/month gross and we are estimating the NNN fees at $ 4.00/SF. The annual income currently is $260,972.04 and annual expenditures for the building is estimated at 82,052.00 with an NOI of 178,920.04. We expect the remaining SF to be leased at $ 14/SF with additional CAM of $4.00/SF. Currently we at a 6.8. Leasing any of the vacant space will improve your numbers giving you the potential to increase to nearly 10 cap with little capital improvement.