STREAM Capital Partners > Properties > All Properties > Suncoast Specialty Surgery Center

Suncoast Specialty Surgery Center

Sale Leaseback

4519 US Hwy 19, New Port Richey, Florida
Ownership Type:
Owner/User
Price:
$1,896,373
Cap Rate:
7.50%
Current Rent:
$142,228
Tenancy:
Single Tenant
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
4, 5-Year Options
Building Sq. Ft.:
3,844 SF
Rent Increases:
2.50% Annually

Investment Highlights

  • Long term (15-year) absolute triple net lease with 2.50% annual escalations.
  • Suncoast Surgery Center serves not only as a specialized eye surgery center but a multi-specialty ambulatory surgery center.
  • Assets are 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.
Ownership Type:
Owner/User
Price:
$1,896,373
Cap Rate:
7.50%
Current Rent:
$142,228
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
4, 5-Year Options
Building Sq. Ft.:
3,844 SF
Rent Increases:
2.50% Annually

Listing Agents

Adam English

Managing Director
256.694.9803[email protected]

Connor Shell

Managing Director
407.913.9009[email protected]

Analyst

Ben Hollis

Analyst
256.595.2574[email protected]

Broker of Record: Jonathan Wolfe, FL CQ1065459

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