4519 Hwy New Port Richey, FL 34652
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.