Rowan Eye Center

5305 Grand Blvd, New Port Richey, FL
Deal Type:
Sale Leaseback
Price:
$1,848,883
Cap Rate:
7.25%
Current Rent:
$134,044
Lease Type:
Triple Net
Lease Term:
15 years
Renewal Options:
4, 5-Year Options
Building Sq. Ft.:
4,324 SF
Rent Increases:
2.50% Annually
Site Size:
0.74 Acres

Investment Highlights

  • Long term (15-year) absolute triple net lease with 2.50% annual escalations
  • Rowan Eye Center has been in operation for over 20 years and offers a plethora of solutions to its patients.
  • Asset situated in New Port Richey, FL (Tampa MSA) with a population over 65,000 within a 3-mile radius. Furthermore, each site is located along the main arteries within the market, providing access to over 60,000 VPD.
  • Direct residential consumer base with more than 83,000 residents supporting the trade area with an average household income of $60,100 within 3-mile radius.

Listing Agents

Adam English

Managing Director
256 694 9803
[email protected]

Connor Shell

Managing Director
407 913 9009
[email protected]

Broker of Record: Jonathan Wolfe, FL CQ1065459

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