6135 Salt Springs Rd 4,750 SF Retail Building Port Richey, FL 34668 $2,069,685 CAD ($435.72 CAD/SF) 6% Cap Rate

Panther Capital Group is pleased to present the exclusive opportunity to acquire a single-tenant Meineke Car Care Center at 6135 Salt Springs Road in Port Richey, Florida — directly on the US-19 retail corridor with 137' of frontage on Salt Springs Road and pylon and monument signage offering strong visibility to the US-19 traffic stream (~53,500 AADT per FDOT).
The ±4,750 SF service facility (plus ±1,500 SF mezzanine storage) is 100% leased to a long-tenured Meineke franchisee — NSV Holdings LLC, owned and operated by the Sivanesan family — on a new 10-year NNN lease running through 2036. Rent grows 2.5% annually in years 1–5 and 3.0% in years 6–10, with two 5-year renewal options (5% step-up at the first option, 10% at the second) extending tenant control through 2046.
The tenant has invested over $200,000 in capital improvements at this location — fully repaved and striped lot, new exterior cladding and paint, complete interior renovation, new bathrooms, and granite finishes — and the equipment package (4 Hunter lifts, 1 alignment rack, and ancillary equipment) conveys with the sale.
Demand fundamentals are strong: 280 newly permitted four-story elevator apartments are slated for the parcel directly west, and 384 garden-style apartments are already built immediately behind that — adding 664 rooftops of new and existing demand within walking distance of the site. The 5-mile trade area holds 137,310 residents and is projected to grow nearly 14% from 2025–2030.
Tampa retail vacancy sat at 5.1% in Q1 2026 (Colliers) — among the tightest U.S. metros — with $1.5B of retail investment volume transacted across the MSA in 2025.
Priced at a 6.00% cap on $90,000 of in-place NOI. 3% buyer broker fee offered.