5609 Us-19 New Port Richey, FL 34652
- Lifestyle centers
- 12,959 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 5609 Us-19
- Year built
- 1984
- Property size
- 12,959 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This 12,959 square foot, single-story shopping center in New Port Richey, Florida, presents a compelling investment opportunity. Boasting 100% occupancy across 11 tenants, the property offers a stabilized income stream with a strong 7.69% cap rate and a net operating income (NOI) of $105,717. Built in 1984 and extensively renovated in 2021, the property features 10,686 square feet of net rentable space, priced at $106.10 per square foot. The modified gross lease structure includes annual rent bumps, providing potential for future income growth. Located at 5609 US-19, New Port Richey, FL 34652, in Pasco County, this multi-tenant retail center is ideally situated for continued success. The property's strong tenant base and recent renovations contribute to its exceptional value and potential for long-term appreciation. This is a rare opportunity to acquire a well-maintained, high-performing retail asset in a desirable Florida location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Port Richey
- County
- Pasco
- State
- Florida
- Longitude
- -82.7281
- Latitude
- 28.2406
