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Details: Retail

Asking Price: $7,024,000

Square Feet: 43,441 SF

Asking Cap Rate: 6.00%

Year Built: 1989

Year Renovated: 2023

NOI: $421,470

Lease Structure: Absolute NNN


6400 Massachusetts Avenue, New Port Richey, FL


  • Tampa, FL MSA
  • ALDI recently announced their acquisition of Southeastern Grocers, the parent company of Winn-Dixie
  • Absolute NNN Lease
  • 27 years of operating history at this location
  • Early 5-Year renewal exercised by Tenant prior to renewal date, showing commitment to location
  • $2,800,000 invested into the interior & exterior by Winn-Dixie in 2023
  • Winn-Dixie liquor located at the adjacent property (NIC)
  • 6% Rent Escalation in each option
  • Winn-Dixie has Four 5-Year options remaining
  • Potential to carveout a ~.28 acre outparcel included in the sale
  • Above average Winn-Dixie sales @ $385psf/ $16,677,076
  • 2.5% Winn-Dixie health ratio
  • Sales growth annually
  • Lease corporately guaranteed by Winn-Dixie


  • Income Tax Free State
  • Tampa MSA Population – 3,150,000
  • Located on major commercial corridor
  • Massachusetts Ave. has a traffic count of 14,453 ADT
  • Outparcel opportunity to sell or develop for an investor

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