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Massachusetts Avenue Portfolio 2 Retail Properties Offered at $3,950,000 in New Port Richey, FL
Investment Highlights
- Two (2) corporate-guaranteed absolute NNN leased assets with a combined NOI of $282,689 and a three (3)-year weighted average lease term
- Tenants are fully responsible for property taxes, insurance, CAM, roof, and structure with zero landlord responsibility.
- Aarons operates 1,200+ company-owned and franchised locations across 47 states and was recently taken private in a $500M transaction
- Both properties are positioned at the same four-way signalized location, offering the opportunity to control half of the intersection.
- This Dollar General location ranks in the top 90% nationally and is the #1 performing store out of 25 within a 15-mile radius, per Placer AI
- In-place cash flow with ability to implement re-tenanting strategy
Data Room Click Here to Access
Property Facts
| Price | $3,950,000 | Number of Properties | 2 |
| Price / SF | $197.42 / SF | Individually For Sale | 0 |
| Cap Rate | 7.16% | Total Building Size | 20,008 SF |
| Sale Type | Investment NNN | Total Land Area | 3.54 AC |
| Status | Active |
| Price | $3,950,000 |
| Price / SF | $197.42 / SF |
| Cap Rate | 7.16% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 20,008 SF |
| Total Land Area | 3.54 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Aaron's Rents
6507 Massachusetts Ave, New Port Richey, FL 34653 |
Retail | 10,908 SF | 1998 | - |
| 6445 Massachusetts Ave, New Port Richey, FL 34653 | Retail | 9,100 SF | 2014 | - |
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