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Single-Tenant Office Medical

Monticciolo Family Holdings LLC -NPR

5091 Little Rd, New Port Richey, FL 34655

Listing Price: $1,799,255

Cap Rate
6.00%
Tenant Name
Prestige Dermatology Inc
Years Remaining On Lease
5.7
Gross SF
4,995
Guarantor
Personal Guarantee
Rentable SF
4,995
Price/Gross SF
$360.21
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.61

Investment Overview

Marcus & Millichap is pleased to present a single-tenant medical office net leased opportunity in New Port Richey, Florida. The space is leased to Prestige Dermatology with a triple-net (NNN) lease structure, providing stable, predictable income with minimal landlord responsibility. The tenant, a well-established dermatology practice, is responsible for all property operating expenses (taxes, insurance, and maintenance). The property is strategically located in a growing healthcare market within the Tampa-St. Petersburg MSA, benefiting from strong demand due to Florida’s aging population and increasing
healthcare needs. With long-term lease security and the potential for future capital appreciation, this property offers a solid recession-resistant investment with low operational risk.

Investment Highlights

  • Long-Term Lease In Place | 5.5 Years Remaining on Initial 7 Year Term
  • NNN Lease Structure
  • ZERO Landlord Responsibilities | CAM, RE Tax, Insurance are all Tenant Responsibilities

Exclusively Listed By

Single-Tenant Office Medical

Monticciolo Family Holdings LLC -NPR

Listing Price: $1,799,255

Cap Rate
6.00%
Tenant Name
Prestige Dermatology Inc
Years Remaining On Lease
5.7
Gross SF
4,995
Guarantor
Personal Guarantee
Rentable SF
4,995
Price/Gross SF
$360.21
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.61

Investment Highlights

  • Long-Term Lease In Place | 5.5 Years Remaining on Initial 7 Year Term
  • NNN Lease Structure
  • ZERO Landlord Responsibilities | CAM, RE Tax, Insurance are all Tenant Responsibilities

Investment Overview

Marcus & Millichap is pleased to present a single-tenant medical office net leased opportunity in New Port Richey, Florida. The space is leased to Prestige Dermatology with a triple-net (NNN) lease structure, providing stable, predictable income with minimal landlord responsibility. The tenant, a well-established dermatology practice, is responsible for all property operating expenses (taxes, insurance, and maintenance). The property is strategically located in a growing healthcare market within the Tampa-St. Petersburg MSA, benefiting from strong demand due to Florida’s aging population and increasing healthcare needs. With long-term lease security and the potential for future capital appreciation, this property offers a solid recession-resistant investment with low operational risk.

Exclusively Listed By

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