11500 Ridge Rd - Drug Store FOR SALE


New Port Richey, FL 34654
$3,497,730 USD
918-794-9738
11500 Ridge Rd, New Port Richey, FL for Sale
$3,497,730 USD
Drug Store - FOR SALE
1/5
null | 6.6% Cap Rate

11500 Ridge Rd
New Port Richey, FL 34654


HIGHLIGHTS

  • Brand New, Long-Term NNN Lease
  • 2025 Retrofit with Full Interior Renovations, New Roof, etc.
  • Strong Retail Corridor in an Income Tax-Free State
  • Excellent Demographics & Visibility
  • Investment Grade Tenant: BBB/Stable

OVERVIEW

Northmarq is pleased to exclusively offer the opportunity to acquire the fee simple interest in a Dollar Tree property located in New Port Richey, Florida. The Property is undergoing renovations which includes a brand-new roof and parking lot with expected delivery of Q1 2025. The Property is subject to a brand-new 10 year NNN lease with attractive rental escalations in each of the 4, 5-year renewal option periods. This provides potential investors with the opportunity to acquire a truly passive asset requiring minimal Landlord responsibilities. In Association With: BJ Feller, FL#BK3504949

FOR SALE DETAILS

PRICE

$3,497,730 USD

PRICE/SF

$245 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,389 SF

ZONING

MPUD, County

APN/PARCEL ID

32-25-17-0000-00400-0041

ASK ABOUT THIS PROPERTY

Colin CornellNorthmarqMore Info
918-794-9738

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Colin CornellNorthmarqMore Info
918-794-9738

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.