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Shopping Strip

Regency Plaza

10110 US-19, Port Richey, FL 34668

Listing Price: $4,150,000

Cap Rate
5.79%
Gross SF
51,005
Rentable SF
51,005
Price/Gross SF
$81.36
Lot Size
5.05 acres
Year Built
1984

Investment Overview

Marcus & Millichap is pleased to present Regency Plaza, a rare opportunity for an investor to purchase a shopping center in the submarket of Port Richey, FL. The center is currently 67% occupied giving investors an extremely rare opportunity to acquire a 51,000 square foot, Carrabbas Italian Grill anchored center and immediately add value upon acquisition. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location. With direct frontage and excellent visibility on U.S. Highway 19, the busiest road in Pasco County, Regency Plaza has exposure to more than 55,000 cars per day and is surrounded by the nation’s leading retailers.

Investment Highlights

  • Regency Plaza is currently 67% occupied giving investors a rare opportunity to acquire a 51,000 square foot, Carrabbas Italian Grill anchored center and immediately add value upon acquisition.
  • With a median net worth of $100,000 and more than 115,000 residents within a 5-mile radius, Regency Plaza has ideal demographics for long term, stable occupancy.
  • Multiple month-to-month tenants on the rent roll are paying well below market rents giving an investor the ability to increase rents upon acquiring Regency Plaza.
  • With direct frontage and excellent visibility on U.S. Highway 19, the busiest road in Pasco County, Regency Plaza has exposure to more than 55,000 cars per day and is surrounded by the nation's leading retailers.

Exclusively Listed By

Listing Price: $4,150,000

Cap Rate
5.79%
Gross SF
51,005
Rentable SF
51,005
Price/Gross SF
$81.36
Lot Size
5.05 acres
Year Built
1984

Investment Highlights

  • Regency Plaza is currently 67% occupied giving investors a rare opportunity to acquire a 51,000 square foot, Carrabbas Italian Grill anchored center and immediately add value upon acquisition.
  • With a median net worth of $100,000 and more than 115,000 residents within a 5-mile radius, Regency Plaza has ideal demographics for long term, stable occupancy.
  • Multiple month-to-month tenants on the rent roll are paying well below market rents giving an investor the ability to increase rents upon acquiring Regency Plaza.
  • With direct frontage and excellent visibility on U.S. Highway 19, the busiest road in Pasco County, Regency Plaza has exposure to more than 55,000 cars per day and is surrounded by the nation's leading retailers.

Investment Overview

Marcus & Millichap is pleased to present Regency Plaza, a rare opportunity for an investor to purchase a shopping center in the submarket of Port Richey, FL. The center is currently 67% occupied giving investors an extremely rare opportunity to acquire a 51,000 square foot, Carrabbas Italian Grill anchored center and immediately add value upon acquisition. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location. With direct frontage and excellent visibility on U.S. Highway 19, the busiest road in Pasco County, Regency Plaza has exposure to more than 55,000 cars per day and is surrounded by the nation’s leading retailers.

Exclusively Listed By

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