4519 Hwy New Port Richey, FL 34652

Property Details for 4519 Hwy

Property size

3,844 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

Description

This exceptional investment opportunity presents a 3,844 square foot medical office building in New Port Richey, Florida, currently operating as a 100% occupied, single-tenant Suncoast Specialty Surgery Center. The property is offered as a sale-leaseback with a 15-year Absolute NNN lease, providing significant long-term stability and passive income. The lease features a 2.5% annual rent increase, ensuring consistent growth in rental income. The asking price is $1,961,766, representing a compelling $510.34 per square foot and a 7.25% cap rate based on a current Net Operating Income (NOI) of $142,228. The tenant, Suncoast Specialty Surgery Center, provides a diverse range of services including eye care and various surgical specialties. The property is strategically located at 4519 U.S. Hwy 19, in Pasco County, Florida, zip code 34652, benefiting from high visibility and accessibility. The lease includes options for renewal at 4 and 5 years. This sale-leaseback offers a secure, high-yield investment with built-in appreciation potential. The strong tenant, long-term lease, and attractive financial metrics make this an ideal addition to any portfolio seeking stable, passive income generation. The property serves a substantial population base within a three-mile radius, exceeding 65,000 residents, with an average household income of $60,100. The location along a major highway provides excellent visibility and access to over 60,000 vehicles per day.

Location Insight

City

New Port Richey

County

Pasco

State

Florida

Longitude

-82.7341

Latitude

28.225