Little Road Landings 8140 Little Rd 9 963 pi² 100% Loué 4-Étoile Commerce de détail Immeuble New Port Richey, FL 34654 8 517 196 $ CAD (854,88 $ CAD/pi²) 6% Taux de capitalisation

NEW CONSTRUCTION - ATTRACTIVE GROWTH: Little Road Landing features four brand new 5 and 10-year lease terms, all of which include at least one 5-year extension option, minimizing near-term rollover risk for investors. Additionally, the asset is newly constructed, reducing the likelihood of significant capital expenditures in the near future. The center also demonstrates a 10-year compound annual growth rate (CAGR) of 2.98%, reflecting the built-in rent escalations throughout the rent roll. Three of the four tenants have at least three rent increases during their initial term, while Five Guys, a national tenant, includes one 10% increase before the end of their initial term.
HIGH PERFOMRING RETAIL CORRIDOR: The asset is positioned in a highly trafficked retail corridor and is strategically located near top nationally ranked retailers including Home Depot, Lowes Home Improvement, and Walmart. Both Home Depot and Lowes rank in the 95th percentile for foot traffic among all home improvement stores in Florida. Additionally, the Walmart at this location is ranked in the 85th percentile for foot traffic among all Walmart locations within a 50-mile radius, according to placer.ai.
PROXIMITY TO ECONOMIC DRIVERS: The center is located roughly a mile north of the Pasco County Government Office Park, home to multiple government offices including, the Pasco County Tax Collector, the Pasco County Clerk, and Pasco County Emergency Management, Pasco County Public Works Department, the West Pasco Judicial Center, and the New Port Richey Court House. In total the Office Park accounts for roughly 2,500 employees. Additionally, the New Port Richey VA Clinic is roughly half a mile south and provides services including mental health care, dental services, eye and vision care, and prosthetics.