Third Federal Bank

Listing Third Federal Bank Price:$2,612,500 Status:New is pleased to offer, FOR SALE, this Corporate Third Federal Savings & Loan, located in New Port Richey, Florida. This +/ 5,000 sq ft single tenant net lease property resides in the Tampa Bay metro area. The current lease was executed in 2011, with 7+ years remaining. This established and successful offering is priced at a 5.8% cap rate with current annual net income of $152,473.30, along with 1.5% annual rental increases. Within a 5-mile radius, the population is 134,686 and has an average household income of $47,141. Located along the Gulf of Mexico, in west-central Pasco County and about 35 miles northwest of Tampa, New Port Richey’s riverfront landscape blends nature, beaches and terrific shopping with restaurants, culture and business – all with a small-town feel. Rich in history, New Port Richey frequently comes alive with festivals and special events. New Port Richey encompasses a total area of 4.6 miles and is considered part of the Tampa Bay area, a popular tourist destination with major attractions, recreation, sports and culture. Please contact Sheree Strome or Keelee Peterson for more information.

Third Federal Bank