21st Century Retail Plaza TURN-KEY INVESTMENT OPPORTUNITY
About this Florida Retail Property Investment
MSR Holdings is pleased to offer you another excellent investment opportunity, located on US Highway 19 in New Port Richey, Florida. This 18,441 SF recently renovated plaza is 100% occupied and is strategically located across the street from the Publix-anchored Southgate Shopping Center.
- Minimum Investment: USD $24,300
- Expected Hold Period: 3-5 Years
- Projected Return: 20% per Annum
- Current Cap Rate: 9%
- Building Size: 18,441 SF
- Total Land Area: 1.95 Acres
- 100% occupied
- Recently renovated
- High visibility on US Highway 19
- Opportunity for significant value increase
- Excellent cap rate with annual rent escalation
100% Occupied with Excellent Cap Rate
This property is an exceptional opportunity to invest in a turn-key retail plaza well positioned to benefit from economic improvement in the area. 21st Century Pavilion is fully leased with the opportunity for rent increases upon lease renewal.
With a cap rate of 9%, this property offers significant capital appreciation over a 3-5 year investment timeline as cap rates decline and net operating income increases.