6507 Massachusetts Ave, New Port Richey, FL
10,908 SF retail building with drive-thru capability and ample parking.
- Added:
- Oct 22, 2025
- Days on Market:
- 232
- Last Refresh:
- May 19 at 9:39 pm
Property Features for 6507 Massachusetts Ave
General Information
- Standard status
- Active
- Size
- 10,908 SF
- Lot size
- 1.52 Acres
- Property subtype
- RETAIL
Listing agent Gene Ruiz
Listing office RIPCO Real Estate | Tampa (813) 320-0050
Listing date Oct 22, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of RIPCO Real Estate | Tampa
HighLights
- Freestanding retail building at a 4‑way lighted intersection with 450 FT of aggregate frontage and combined 25,000 AADT.
- 10,908 SF of GLA with 15 FT ceilings, grade‑level door, inventory belt, and drive‑thru capability on 1.54 AC with 56 parking spots.
- Corporate‑guaranteed Absolute Triple Net (NNN) lease with Aaron’s through April 2028, with the ability to recapture prior to lease expiration.
- Tenant is responsible for property taxes, insurance, common area maintenance, and roof and structure.
- New roof and repaved and restriped parking lot as of August 2025.
- Adjacent to new ALDI, Dollar Tree, Dollar General, and McDonald's.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $163.6k | $15.00 |
| − Vacancy | −$10.6k | −$0.98 |
| EGI | $153.0k | $14.03 |
| − OpEx | −$45.9k | −$4.21 |
| NOI | $107.1k | $9.82 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Ibritz Flower Decoratif — 6130 Massachusetts Ave, New Port Richey, FL 34653
Location Insight
- Map
- Local Demand
- City
- New Port Richey
- County
- Pasco
- State
- Florida
- Longitude
- -82.7069
- Latitude
- 28.259