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23216718
23216724

5091 Little Rd, New Port Richey, FL 34655

SV
FL SL3621530
Marcus & Millichap - Orlando
SV
FL 3105421
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando
$1,710,675
256 days on market
Updated 3 days ago

Dermatology Office | Single Tenant Net Leased Opportunity

Details
Property Type Office, Retail
Sub Type Medical Office, Storefront
Square Footage 4,991
Net Rentable (SqFt) 4,991
Cap Rate 6.50%
NOI $111,194
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 7
Remaining Term 5
Pro-Forma Cap Rate 7.45%
Class B
Year Built 2019
Buildings 1
Stories 1
Acreage 0.110
Investment Type Net Lease

Office | 6.50% CAP | 4,991 SqFt

Marketing description

Marcus & Millichap is pleased to present a single-tenant medical office net leased opportunity in New Port Richey, Florida. The space is leased to Prestige Dermatology with a triple-net (NNN) lease structure, providing stable, predictable income with minimal landlord responsibility. The tenant, a well-established dermatology practice, is responsible for all property operating expenses (taxes, insurance, and maintenance). The property is strategically located in a growing healthcare market within the Tampa-St. Petersburg MSA, benefiting from strong demand due to Florida’s aging population and increasing
healthcare needs. With long-term lease security and the potential for future capital appreciation, this property offers a solid recession-resistant investment with low operational risk.

Listing Contacts

SV
FL SL3621530
Marcus & Millichap - Orlando
SV
FL 3105421
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111,194.00
$9,266.17/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Ryan Nee
License
FL 3154667
Title
Broker of Record
Name
Samad Valiani
License
SL3621530
Brokerage
Marcus Millichap
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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