6709 Ridge RdPort Richey, FL 34668

This exceptional investment opportunity presents a 3,201 square foot medical office condo, Unit 208, within the newly renovated Port Richey Business Center at 6709 Ridge Rd, Port Richey, FL 34668. The property boasts a strong Net Lease (NNN) with a credit-rated tenant, HCA Florida Healthcare, a publicly traded company with extensive holdings. The current lease, commencing October 16, 2023, and expiring October 31, 2028, offers a remaining term of approximately 3.9 years, with built-in annual rent bumps and renewal options. The property features a 6.00% cap rate and a substantial Net Operating Income (NOI) of $48,815, translating to a price per square foot of $254.17. The building underwent a complete renovation in 2023, encompassing a new roof, paint (interior and exterior), piping, HVAC system, landscaping, parking lot improvements, sprinkler and fire suppression systems, and common areas. Located on high-traffic Ridge Road (26,000 vehicles per day), the property benefits from prominent pylon signage and low maintenance due to the association's responsibility for exterior upkeep. This Class B, single-unit condo offers a rare combination of a secure, long-term lease, a financially sound tenant, and a recently modernized building in a prime location. The property is zoned for commercial use.