4442 Us Highway 19 New Port Richey, FL 34652
Florida Franchise, Strong ROI
Property size:
3,869 SFProperty Features for 4442 Us Highway 19
General Information
- Property type
- Restaurants
- Square Feet
- 3,869 SF
- Lot Size
- 11,326 SF
Building Details
- Year Built
- 1976
Listing Agency: SRS Real Estate Partners Newport Beach Listing Agent: Patrick R. Luther, Ccim
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Primely located in New Port Richey, Florida, this fee-simple Denny's restaurant presents a compelling investment opportunity. Boasting a recently extended 15-year lease with four 5-year options, the property offers predictable income growth with 8% rent bumps every five years. The 3,869 square foot building sits on a 0.26-acre lot, enjoys 100% occupancy, and generates a strong NOI of $168,000, representing a 4.91% cap rate. Situated at a signalized intersection on US-19, this outparcel to a Sam's Club benefits from high daily traffic counts and proximity to other major retailers, including Publix, Big Lots, and Walgreens. The strong demographics of the 5-mile trade area, featuring over 145,700 residents and 45,400 daytime employees, further enhance the investment's appeal. The property is zoned C-2: General Commercial and was built in 1976. This absolute NNN lease with a franchisee tenant minimizes landlord responsibilities, making it an ideal passive investment. The asking price is $3,420,000, translating to $883.95 per square foot.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- New Port Richey
- County
- Pasco
- State
- Florida
- Longitude
- -82.7332626
- Latitude
- 28.2241099
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FAQs
What type of property is this?
Restaurant - Florida Franchise, Strong ROI
Where is this restaurant located?
The property is located at 4442 Us Highway 19 New Port Richey, FL.
What is the asking price?
The asking price for this property is $3,420,000.
What are key features of this property?
This property features: Fee simple ownership of a Denny's restaurant in New Port Richey, FL, for $3,420,000.; Absolute NNN lease with a franchisee tenant, offering a 4.91% cap rate and $168,000 NOI.; 3,869 square feet on a 0.26-acre lot, with a price per square foot of $883.95.
