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4442 Us-19 New Port Richey, FL 34652

Sponsored
For Sale
$3,420,000

Florida Franchise, Strong ROI

Property size:
3,869 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
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 Features for 4442 Us-19

General Information

Property type
Restaurants
Square Feet
3,869 SF
Lot Size
11,326 SF

Building Details

Year Built
1976

HighLights

  • 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.
  • 100% occupancy with a new 15‑year lease including four 5‑year options and 8% rent bumps every 5 years.
  • Located on a signalized hard corner intersection with high traffic counts, and situated as an outparcel to a Sam's Club.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
New Port Richey
County
Pasco
State
Florida
Longitude
-82.7332626
Latitude
28.2241099

FAQs

What type of property is this?
Restaurant - Florida Franchise, Strong ROI
Where is this restaurant located?
The property is located at 4442 Us-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.
More about this property
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