For Sale
$7,500,000

6411 Tacoma DrPort Richey, FL 34668

High-yield, stabilized retail center in Port Richey, FL.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional Class A shopping center, located at 6411 Tacoma Dr, Port Richey, FL 34668, presents a compelling investment opportunity. The property boasts 91,000 square feet on an 8.4-acre lot, featuring a single, one-story building constructed in 1991 and renovated in 2012. Currently 100% occupied by two credit-rated tenants, including Burlington Coat Factory, this multi-tenant shopping center offers a stable income stream with a strong 10.20% capitalization rate and a Net Operating Income (NOI) of $764,805. The asking price is $7,500,000, translating to a price per square foot of $82.42. The property is zoned for commercial use and operates under a triple-net (NNN) lease structure. This stabilized investment offers a compelling combination of strong tenancy, high occupancy, and significant cash flow potential. The property's location within the Tampa MSA provides excellent access to a robust consumer base. This fee-simple ownership opportunity is ideal for investors seeking a high-yield, low-risk addition to their portfolio.

Highlights

  • Class A, 91,000 SF shopping center on 8.4 acres in Port Richey, FL.
  • 100% occupied by two credit-rated tenants, including Burlington Coat Factory.
  • Strong NOI of $764,805 and 10.20% capitalization rate.
  • Asking price: $7,500,000 ($82.42/SF).
  • Triple-net (NNN) leases.

Property Details for 6411 Tacoma Dr

Property type
Lifestyle centers, Power centers
Square Feet
91,000 SF
Class
A
Year Built/Renovated
1991/2012
Buildings
1
Stories
1
Lot Size (sq. ft)
365,904 SF
Units
2

Location Insight

City
Port Richey
County
Pasco
State
Florida
Latitude
28.298049386867
Longitude
-82.707877887284
6411 Tacoma Dr, Port Richey, Florida

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6411 Tacoma Dr
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