6709 Ridge RdPort Richey, FL 34668

This exceptional investment opportunity presents a 3,029 square foot, fully leased Class B medical office building located at 6709 Ridge Rd, Port Richey, FL 34668. The property, a single-tenant condo unit within the Port Richey Business Center, boasts a strong Net Lease (NNN) structure with a 10-year lease commencing November 1, 2023, and expiring October 31, 2033, leaving approximately 8.9 years remaining. The current tenant, Abrakidabra Pediatrics, enjoys 100% occupancy, generating a substantial Net Operating Income (NOI) of $48,502 annually, representing a 6.00% cap rate. The asking price is $808,000, translating to $266.75 per square foot. Built in 1986 and extensively renovated in 2023, the building features a new roof, common areas, piping, sprinkler system, fire suppression, fire riser, porcelain tile, HVAC units, LED lighting, paint (interior and exterior), and paving. The lease includes annual rent escalations and renewal options. The tenant is responsible for interior maintenance, while the association manages exterior upkeep. The unit itself includes a new medical build-out with two in-suite restrooms, a lab, and several exam rooms. Its corner location provides excellent visibility and natural light. The property is zoned C1, County, and offers a compelling return on investment for discerning buyers. The property's location in the Tampa, Florida MSA further enhances its appeal.