6135 Salt Springs Rd - Auto Repair FOR SALE


Port Richey, FL 34668
$1,300,000 USD
813-995-1592
6135 Salt Springs Rd, Port Richey, FL for Sale
$1,300,000 USD
Auto Repair - FOR SALE
1/31
null | Request Cap Rate

Jun '25


6135 Salt Springs Rd
Port Richey, FL 34668


HIGHLIGHTS

  • Master Tenant Monro Muffler Brake has expressed interest in terminating their lease, which would terminate the subtenant lease
  • The lease is a modified NNN, with the Landlord responsible only for the building’s exterior, structure, foundation, and roof.
  • 4,750 SF of ground floor space, with +/- 1,500 SF of concrete floor mezzanine storage space for inventory
  • 8 work bays and spacious customer lobby. There are no underground lifts, oil-water separators, or underground tanks reported. On County sewer.
  • Large pylon sign & a monument sign via in front of the adjacent Bob Evans restaurant off US 19, offering great visibility with 52,000 cars per day
  • Adjoining property in permitting phase for 280 apartment units across three 4-story buildings, with a clubhouse, pool and a small dog park.

OVERVIEW

Bridgewater Commercial Real Estate is excited to offer this 8-bay automotive services property, owned by McGee Tire Stores. It is leased to Monro Muffler Brake from May 1, 2016, to June 30, 2026, and subleased to EMG Motor Sport, Inc. since December 1, 2023. Monro has indicated they may terminate the lease with 30 days’ notice, which would also end the sublease. The building will be delivered vacant, without furniture or equipment, though some equipment might be available for purchase. There is an additional +/- 1,500 SF of mezzanine storage space with a concrete floor bringing the total space to around 6,200 SF. There are no underground lifts, oil-water separators, or underground tanks reported. The lease is a modified NNN, with the Landlord responsible only for the building’s exterior, structure, foundation, and roof. The property features a large pylon sign and a monument sign via an easement in front of the adjacent Bob Evans restaurant off US 19, offering great visibility with 52,000 daily vehicles on US 19 North. It is accessible to both north and southbound US 19 traffic via Salt Springs Road. Adjacent to the Gulfview Square Mall, the site of a former Sears is under permitting for a high-end apartment complex. The neighboring complex will include 280 units across three 4-story buildings, a clubhouse with a pool, and a small dog park, marking the second major apartment project at Gulf View Square Mall after Gables at Gulf View (384 units) opened in 2020. Port Richey is growing at a 3.7% annual rate, per worldpopulationreview.com, with 165,868 residents within a 15-minute drive, according to ERIS. Zoned C2, the property supports all C1 uses, as well as various retail, contractor, warehousing, repair shop, and other uses. This property is ideal for an owner/user or an investor looking to negotiate a new lease with the subtenant or attract a new tenant.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$274 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

C2

APN/PARCEL ID

21-25-16-0000-00700-0000

ASK ABOUT THIS PROPERTY

Shane BillingsBridgewater Commercial Real EstateMore Info
813-995-1592

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Shane BillingsBridgewater Commercial Real EstateMore Info
813-995-1592

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.