5305 Grand BlvdNew Port Richey, FL 34652

This exceptional investment opportunity presents a 4,324 square foot medical office building in New Port Richey, Florida, currently 100% occupied by an established eye clinic under a 15-year absolute triple-net (NNN) lease. The property, located at 5305 Grand Blvd, boasts a strong 7.25% cap rate and a substantial net operating income (NOI) of $134,044. The lease includes 2.5% annual rent increases, ensuring consistent income growth. The tenant, a well-established eye clinic with over 20 years of operation, provides a wide range of services including cataract, glaucoma, and laser eye surgery, along with other specialized procedures. Situated in a high-traffic area with over 60,000 vehicles passing daily, the property benefits from a large consumer base within a 3-mile radius, exceeding 83,000 residents with an average household income of $60,100. The lease features four, five-year renewal options, providing long-term stability and significant return on investment. The asking price is $1,848,883, translating to a price per square foot of $427.59. This sale-leaseback offers a secure, passive income stream with built-in growth potential in a thriving Florida market. The property is located within the Tampa MSA, a rapidly growing metropolitan area.