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US-19 NNN Automotive Dealer Investment Proper 15217 US Highway 19 1,311 SF Retail Building Hudson, FL 34667 $499,000 ($380.63/SF) 8.42% Cap Rate
Investment Highlights
- 0.34 Acres / 1,311 SF building
- 7-year NNN lease
- US-19 Frontage / 40,000 AADT
- Auto dealer tenant
- $42,000 Annual NOI
Executive Summary
A premier, fully-occupied passive investment opportunity in Hudson, Florida. This 0.34 acre site features a 1,311 SF building with a two-bay automotive service garage. The property features 100 feet of direct US-19 frontage (40,000 AADT) and has a dedicated turn lane. The asset is secured by a 7-year absolute NNN lease (through November 2032), leaving the landlord with zero expense obligations as the tenant covers all taxes, insurance, and maintenance. Featuring an annual NOI of $42,000 (year 1) with 3% annual increases and priced at an 8.42% CAP rate, this is a prime passive investment opportunity along a major Florida growth corridor.
Location Description
Located along US Highway 19—Pasco County’s primary commercial spine—this property benefits from a traffic count of 40,000 vehicles daily and consistent commuter traffic. The surrounding area features an established mix of auto and national retail brands, anchored by an upcoming Wawa just 0.25 miles south. Positioned within the Hudson commercial node, the site offers a major operational advantage with its dedicated turn lane, ensuring easy highway access.
Location Description
Located along US Highway 19—Pasco County’s primary commercial spine—this property benefits from a traffic count of 40,000 vehicles daily and consistent commuter traffic. The surrounding area features an established mix of auto and national retail brands, anchored by an upcoming Wawa just 0.25 miles south. Positioned within the Hudson commercial node, the site offers a major operational advantage with its dedicated turn lane, ensuring easy highway access.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
1,311 SF
Building Class
B
Year Built
1977
Price
$499,000
Price Per SF
$380.63
Cap Rate
8.42%
NOI
$42,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
C2 - General Commercial
Parking
30 Spaces (22.88 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Dedicated Turn Lane
- Fenced Lot
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 23-24-16-0010-00000-00A0 | Improvements Assessment | $14,541 |
| Land Assessment | $63,150 | Total Assessment | $77,691 |
Property Taxes
Parcel Number
23-24-16-0010-00000-00A0
Land Assessment
$63,150
Improvements Assessment
$14,541
Total Assessment
$77,691
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