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32655546
32655547

4010-4120 LITTLE ROAD NEW PORT RICHEY FL 34655, NEW PORT RICHEY, FL 34655

TM
FL BK3432799
Mazi Realty
Listed by Mazi Realty
$16,650,000
17 days on market
Updated 17 days ago

GRAND TRINITY PLAZA

Details
Property Type Retail
Sub Type Bank, Shopping Center
Square Footage 82,074
Cap Rate 7.83%
NOI $1,303,211
Occupancy 98%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 7.97%
Pro-Forma NOI $1,326,418
Price per SqFt $203
Year Built 1985
Buildings 1
Acreage 10.010
Zoning C2
Parking Spaces 456 spaces
Parking Per SqFt 5.56
Investment Type Value Add
Ground Lease No

7.83% Cap | $1.3M NOI | $16.65M | Tampa Bay MSA Shopping Center

Marketing description

Mazi Realty is proud to present Grand Trinity Plaza, a distinguished 82,074 SF shopping center

located in the thriving New Port Richey submarket, just north of Tampa, FL — within one of Pasco County's most active retail growth corridors. The center is currently leased to 18 established NNN tenants, anchored by long-term national operators including Powerhouse Gym and USPS, both of which serve as consistent traffic drivers. The property is strategically positioned along Little Road, one of Pasco County's busiest commercial arteries, with 40,000+ vehicles per day and over 750 feet of frontage. Four entry points on Little Road plus a side entrance on CR 54 provide seamless access. In addition to a forward Year 1 NOI of $1,303,211, Grand Trinity Plaza offers significant upside. The Cadence Bank outparcel presents a near-term redevelopment opportunity, and below-market in place rents across the inline tenant mix support additional mark-to-market upside through the institutional hold.

Investment highlights

  • Mix of National and Local Tenants
  • Recession & E-Commerce Resistant Tenant Mix
  • Ability To Push Under-Market Rates
  • Grand Trinity Plaza Boasts Incredible Frontage with over 750 Feet Along Little Road
  • Stable Cash Flow With Significant NOI Growth
  • Four (4) Entrances On Little Road And One (1) Side Entrance On Cr 54
  • Strong Operating History, With Substantial Upside Potential
  • Excellent Visibility With High Traffic Count

Listing Contacts

TM
FL BK3432799
Mazi Realty
Listed by Mazi Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,303,211.00
$108,600.92/mo

Valuation Metrics

0
DSCR
7.83%
Cap Rate
7.83%
ROI

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Additional Information

Name
Thano Mazas
License
BK3432799
Brokerage
Mazi Realty
Brokerage Phone
7276982626
Title
President
Brokerage Address
811 Douglas Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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