$3,950,000
Massachusetts Avenue Portfolio
Details
APN 33-25-16-0070-06000-0040,33-25-16-0110-00C00-0061,33-25-16-0110-00C00-0090
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 19,910
Units 2
Cap Rate 7.16%
NOI $282,663
Occupancy 100%
Tenancy Multi
Brand/Tenant Dollar General, Aaron's
Lease Type Absolute NNN
Lease Expiration 07/31/2029
Rent Bumps Yes
Lease Options Dollar General: Four 5-year renewal options. Aaron's: None.
Price per SqFt $198
Year Built 1998, 2014
Buildings 2
Stories 1
Acreage 3.530
Zoning C2 - General Commercial
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/12/2014
Two Property Absolute NNN Portfolio | National Tenants Dollar general and Aarons (Dark)
Marketing description
Freestanding, Street Retail listing at Massachusetts Avenue Portfolio, New Port Richey, Florida 34653.
Investment highlights
- Corporate-guaranteed Absolute NNN leases with a combined NOI of $282,689 and a three (3)-year WALT (weighted average lease term)
- Tenants are fully responsible for property taxes, insurance, CAM, roof, and structure
- Major capital expenditures completed, including a new roof and parking lot at 6507 Massachusetts Avenue (Aaron's Dark)
- Provides in-place cash flow with ability to implement re-tenanting strategy
- This Dollar General location ranks in the top 90% nationally and is the #1 performing store out of 25 within a 15-mile radius, per Placer AI
- Dollar General operates 20,500+ stores across 48 states as of early 2026, demonstrating unmatched scale and resilience
- Aaron's operates 1,200+ company-owned and franchised locations across 47 states and was recently taken private in a $500M transaction, underscoring institutional confidence in the brand
- Both properties are positioned at a four-way signalized intersection, benefiting from approximately ±450 feet of combined frontage
- Recent investments by ALDI and McDonald's reinforce strong national-brand confidence in the Massachusetts Avenue corridor
- 154,321 population within a 3-mile radius
- $73,437 average household income within a 3-mile radius
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$282,663.00
$23,555.25/mo
Valuation Metrics
0
DSCR
7.16%
Cap Rate
7.16%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Name
License
Brokerage Phone
Is there information that looks off?
