8225-8263 Little Rd
New Port Richey, FL 34654
Heartland Dental Shoppes · Retail Property For Sale

The subject property allows an investor to acquire a 100% occupied strip center in New Port Richey, FL. The tenants include Heartland Dental, Jersey Mike’s, Sports Clips, and USA Wireless, which provides diversity to the income stream. 65% of the income stream is from corporate leases and the other 35% of the income is from strong franchisees of national brands. Heartland Dental, a $1 billion in revenue company, anchors the center and has rare annual rental increases. The property is on a hard corner signalized intersection, fronts a main road, is anchored by major boxes in the trade area, and has numerous access points – all of which are strong retail fundamentals. The asset is located within the highly desirable city of New Port Richey, just outside of Tampa, Florida, and within the Tampa MSA. The region has seen tremendous population growth due to job growth and the tax free nature of the state of Florida. In fact, the Tampa MSA had the second highest increase in job growth in the U.S. in 2017 amongst MSAs.