6709 Ridge RdPort Richey, FL 34668

This 3,536 sq ft Class B medical office condo in Port Richey, Florida, presents a compelling investment opportunity. A newly renovated unit, it boasts a strong 5-year net lease with Vantage Care Insurance, commencing December 1, 2023, and expiring November 30, 2028. The property features a substantial $54,808 Net Operating Income (NOI) and a 7.00% cap rate. The building underwent a complete renovation in 2023, including a new roof, common areas, HVAC, LED lighting, and more. The lease includes annual rent escalations and renewal options. Located at 6709 Ridge Rd, Unit 303, Port Richey, FL 34668, this single-tenant property offers a low-maintenance investment with excellent visibility and access. The tenant is responsible for all operating expenses, taxes, and insurance (NNN lease). The unit itself features new porcelain tile flooring and a modern HVAC system. The building's exterior and common areas are professionally maintained by the association. This turnkey investment is priced at $783,000. The property's strong tenant, long-term lease, and recent renovations make it an attractive addition to any portfolio.