State Road 52, San Antonio, FL 33576

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The subject property is a 28.68± acre commercial node to the Cannon Ranch DRI. The Cannon Ranch DRI is approximately 2,005± acres that has been renamed Bella Verde. Approximately 965± acres within the DRI tract was slated to be developed as a golf course community with entitlements of approximately 1,628± single family dwelling units, 98,500± SF of commercial retail/office space and an 18 hole golf course. Per the Assignment of Developer’s Rights dated August 26, 2004, Cannon Ranch, LLC assigned 135,000± SF of retail space to the subject property.

The current owners of Cannon Ranch DRI are in negotiations with Pasco County to amend their Development Order.