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Odessa, FL Deca Dental & Skin NV

$5,219,000
13260 Pine Gap Spur
Lease Type NNN
Cap Rate 6.35%
Building Size 7,413 SF
Land Area 1.13 Acres
Remaining Term 10 Years
Property Highlights
  • Trophy multi-tenant retail center in Pasco County, the 3rd fastest growing County in Florida
  • 6 communities with over 17,500 new homes in development within 15 minute drive time
  • Strategically located between 2 Publix anchored shopping centers only 1 mile apart, with 58,000 cars per day along SR 54
  • Rare 10-Year NNN leases provide long-term stable cash flow
  • Fixed annual increases provide rental growth and hedge against inflation
  • Fee simple ownership allows for depreciation boosting after tax returns
  • Brand new construction with transferable roof warranty
  • Corporate lease with Deca Dental, one of the fastest growing dental service organizations in the US with over 150 locations
  • Skin NV is an established medical spa with a highly successful practice in Tampa and strong brand awareness
  • Excellent underlying real estate fundamentals with clear visibility and access from a signalized intersection with 75,000 cars per day
  • Florida has no state income tax and in 2022 ranked as the fastest growing state in the US with nearly 10,000 people moving to the Sunshine State every week