For Sale
$1,961,766

4519 Hwy New Port Richey, FL 34652

Florida Medical Office Investment: NNN Lease, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a 3,844 square foot medical office building in New Port Richey, Florida, currently operating as a 100% occupied, single-tenant Suncoast Specialty Surgery Center. The property is offered as a sale-leaseback with a 15-year Absolute NNN lease, providing significant long-term stability and passive income. The lease features a 2.5% annual rent increase, ensuring consistent growth in rental income. The asking price is $1,961,766, representing a compelling $510.34 per square foot and a 7.25% cap rate based on a current Net Operating Income (NOI) of $142,228. The tenant, Suncoast Specialty Surgery Center, provides a diverse range of services including eye care and various surgical specialties. The property is strategically located at 4519 U.S. Hwy 19, in Pasco County, Florida, zip code 34652, benefiting from high visibility and accessibility. The lease includes options for renewal at 4 and 5 years. This sale-leaseback offers a secure, high-yield investment with built-in appreciation potential. The strong tenant, long-term lease, and attractive financial metrics make this an ideal addition to any portfolio seeking stable, passive income generation. The property serves a substantial population base within a three-mile radius, exceeding 65,000 residents, with an average household income of $60,100. The location along a major highway provides excellent visibility and access to over 60,000 vehicles per day.

Highlights

  • 15-year absolute triple-net (NNN) lease with 2.5% annual rent escalations.
  • Multi-specialty ambulatory surgery center, including ophthalmology.
  • Excellent location in New Port Richey, FL (Tampa MSA), with over 60,000 vehicles per day (VPD) on major roadways and a population exceeding 65,000 within a 3-mile radius.
  • Strong demographics: over 83,000 residents within a 3-mile radius, boasting an average household income of $60,100.

Property Details for 4519 Hwy

Property type
Office properties, Medical offices
Square Feet
3,844 SF

Location Insight

City
New Port Richey
County
Pasco
State
Florida
Latitude
28.224996593865
Longitude
-82.734081708009

FAQs

What type of property is this?
Office property - Florida Medical Office Investment: NNN Lease, High NOI
Where is the office property located?
The property is located at 4519 Hwy New Port Richey, FL.
What is the asking price?
The asking price for this property is $1,961,766.
What are key features of this property?
This property features: 15-year absolute triple-net (NNN) lease with 2.5% annual rent escalations.; Multi-specialty ambulatory surgery center, including ophthalmology.; Excellent location in New Port Richey, FL (Tampa MSA), with over 60,000 vehicles per day (VPD) on major roadways and a population exceeding 65,000 within a 3-mile radius.
How can I contact the broker?
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4519 Hwy
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