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- LoopNet Team
10577 State Road 54
New Port Richey, FL 34655
Republic Bank · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Banking
- Pylon Sign
- Signage
- Drive Thru
- Air Conditioning
ABOUT 10577 STATE ROAD 54 , NEW PORT RICHEY, FL 34655
Marcus & Millichap is pleased to present the opportunity to acquire a brand-new Republic Bank located in New Port Richey, Florida. This Republic Bank has a new, 10-year, triple net ground lease and features six, five-year renewal options with 10 percent rental increases every five years throughout the base term and option periods. This is a brand-new location, currently under construction and is scheduled to open in December 2019. The subject property is located off State Road 54 with a daily traffic count of more than 50,000 vehicles. Surrounding national brands include Publix, Dollar General, Tire Choice, Sherwin Williams, Orangetheory Fitness, Circle K, Wawa, Bonefish Grill, McDonalds, Wendys, CVS, Hampton Inn, Holiday Inn Express and many more. The subject property is 24 miles north of Clearwater and 28 miles northwest of Tampa and is part of the Tampa metropolitan statistical area which has a population of roughly three million. This metro population will expand to approximately 3.2 million residents through 2023.
PROPERTY TAXES
| Parcel Number | 30-26-17-0090-00000-0010 | Improvements Assessment | $547,351 |
| Land Assessment | $720,000 | Total Assessment | $1,267,351 |
PROPERTY TAXES
