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$ 1,550,000
Est. payment /mo
New
14717 US Highway 19 Highway Other Florida, FL 34667
15,820 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 15,820 sqft
Price per Sqft $97
MLS Listing ID 404049
Construction Status Metal Building,Roof - Metal
Lot Size 1.030 Acres
Property Sub-Type Retail
Property Description
CapRegion Realty LLC , is proud to present for sale a premium, absolute triple-net (NNN) commercial property located in Hudson, Florida. Priced at $1,550,000, this asset delivers an initial 5.76% cap rate ($86,400 annual NOI) supported by a highly unique lease structure that completely de-risks the investment for passive or 1031 exchange buyers. Operating under a corporate guarantee from General Parts Company (Genuine Parts Company, NYSE: GPC, S&P: BBB), the property features a specialized "rolling" 5-year lease structure. The lease auto-renewed on June 1, 2026, and automatically extends for 5 years annually unless the tenant provides a massive 4-year advance notice to vacate. This clause effectively guarantees the landlord uninterrupted, multi-year income security in perpetuity. Unlike traditional retail net leases that offer flat rents or minor adjustments, this lease includes an aggressive 3.25% annual compounding escalator. This structure creates a powerful hedge against inflation, driving the investor's yield-on-cost from 5.76% to 6.55% by Year 5 without any management overhead. Location & Tenant Overview: The subject property is strategically situated in Hudson, FL, within the high-growth Pasco County corridor of the Tampa Bay MSA. This location functions as a standard retail consumer storefront; , plus it operates as a critical regional "large truck parts" distribution hub. The facility serves as the logistical backbone for surrounding NAPA franchise operators in the area. The tenant's heavy reliance on this specific logistics hub ensures an incredibly sticky tenancy and high long-term real estate residual value. The tenancy is over 20 years as of August 2026 with the recent 5 year renewal there will be a 25th anniversary for NAPA in this location.
Location
State FL
County Other
Area Other
Interior
Heating Central Building
Cooling Central Building
Exterior
Parking Features 20
Road Frontage Government Maint., Main Thoroughfare, Paved, U.S. Highway
Building
Construction Status Metal Building,Roof - Metal
Others
Ownership Preiss Performance
SqFt Source Tax
Acceptable Financing Cash, Conventional, Exchange, Owner
Listing Terms Cash, Conventional, Exchange, Owner
Listed by Capregion Realty Services, LLC
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