For Sale
$2,200,000

9203 Us-19Port Richey, FL 34668

High-Demand QSR, Fee Simple Ownership

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a fee-simple ownership of a thriving Chipotle restaurant located at 9203 US-19, Port Richey, Florida, 34668. The 3,168 square foot Class A property, built in 1995 and renovated in 2016, boasts a strong corporate guarantee lease with a prominent national tenant. Currently operating under a Net Net + lease, the property offers 100% occupancy with a remaining lease term of approximately one year, followed by lease options for four or five years. The asking price is $2,200,000. Situated in a high-growth area of Pasco County, this location benefits from its proximity to national retailers and new residential developments, ensuring consistent customer traffic and strong rental income. The property's core-plus investment profile offers significant upside potential due to under-market rents, presenting a compelling opportunity for long-term growth and return on investment. This is a rare chance to acquire a highly desirable, established QSR property in a prime location. The property is a single-tenant building with a strong tenant history. This is an off-market opportunity.

Highlights

  • $2,200,000 asking price for a fee-simple, Class A retail property.
  • 3,168 square feet of 100% occupied space, leased to Chipotle (corporate guarantee).
  • NN+ lease with a remaining term of approximately one year, plus 4 or 5-year renewal options.
  • Located at 9203 US-19, Port Richey, FL 34668, in Pasco County.
  • Built in 1995 and renovated in 2016.

Property Details for 9203 Us-19

Property type
Retail properties
Square Feet
3,168 SF
Class
A
Year Built/Renovated
1995/2016

Location Insight

City
Port Richey
County
Pasco
State
Florida
Latitude
28.290786
Longitude
-82.7119304
9203 Us-19, Port Richey, Florida

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9203 Us-19
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