New Port Richey, FL - Former Restaurant
$2,500,000
4442 U.S. Highway 19 S, New Port Richey, FL 34652
5.77
Cap Rate
150,000
NOI
Details:
Description:
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a Vacant Denny’s investment property located in New Port Richey, Florida. The property is currently operating but will be delivered vacant at COE.
• Denny’s is strategically located at the signalized, hard corner intersection of Trouble Creek Road and U.S. Highway 19, averaging a combined 86,500 VPD
• U.S. Highway 19 is a major north-south commuter route that connects Lake Erie in Pennsylvania to St. Petersburg, Florida
• Situated as an outparcel to a Sam’s Club anchored shopping center, significantly increasing consumer draw and promoting crossover retail exposure for the site
• The asset is near Holiday Mall (126K+ SF), Universal Plaza (149K+ SF), Southgate Center (298K+ SF), and other major shopping centers
• The surrounding national/credit tenants consist of Publix, Big Lots!, Winn-Dixie, T.J. Maxx, CVS, and Starbucks, among many others
Location
Gallery