New Port Richey Medical Center - New Port Richey, FL_Property for Sale

10537 SR 54, New Port Richey, FL, 34655, US

New Port Richey Medical Center - New Port Richey, FL

Asset Description

JLL Capital Markets has been exclusively retained to arrange the sale of the New Port Richey Medical Center located at 10537 SR 54, New Port Richey, FL 34655. Located on the main east / west area thoroughfare of SR 54 (56,500 VPD), the center is strategically positioned between U.S. Hwy 19 (68,000 VPD) and I-75 (122,500 VPD) providing favorable access to Tampa and Clearwater.

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Attributes

Asking Price

€4,344,000

Building area Gross

875 m²

Occupancy

100.00%

Year built

2008

Cap Rate

6.01%

Media

Investment Highlights

The NNN lease structure provides the least amount of responsibility for the Landlord. The Landlord is only responsible for roof and structure (Roof replaced 2022).
The Subject Property has 230+ feet of frontage on SR 54 – the main area roadway connecting U.S. Highway 19 (65,500 VPD) to I-75 (113,503 VPD).
Existing tenured (11+ years) tenants in place show the desirability to be located in between HCA Florida Trinity Hospital (340 beds) and Starkey Ranch (Tampa’s #1 Rated Master-Planned Community).
Pasco County holds the distinction of being the third fastest-growing county in the state. As of 2020, its population stood at 561,891, and projections indicate an estimated increase of 223,537 residents by 2045 (signifying a remarkable 40% population surge).