4442 Us-19 New Port Richey, FL 34652
- Retail properties
- 3,869 SF
- 0.26 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4442 Us-19
- Year built
- 1976
- Lot size
- 0.26 lot acres
- Property size
- 3,869 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
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
- -82.7333
- Latitude
- 28.2241
