5242 Little Rd - Medical FOR SALE


New Port Richey, FL 34655- Seven Springs
$2,240,000 USD
980-498-3293
5242 Little Rd, New Port Richey, FL for Sale
$2,240,000 USD
Medical - FOR SALE
1/3
null | 6.25% Cap Rate

5242 Little Rd
New Port Richey, FL 34655
Seven Springs


HIGHLIGHTS

  • NATION’S LARGEST DENTAL SUPPORT ORGANIZATION
  • INDUSTRY-LEADING SCALE & MARKET POSITION
  • PASCO COUNTY - HIGH-GROWTH TAMPA BAY SUBURB
  • ESTABLISHED, DENSE RESIDENTIAL TRADE AREA
  • STRONG RETAIL NODE WITH STRONG CO-TENANCY
  • LONG-TERM CORPORATE-GUARANTEED INCOME

OVERVIEW

Atlantic Capital Partners has been exclusively engaged to offer for sale Heartland Dental, a 5,067-square-foot net leased medical asset located at 5242 Little Road in New Port Richey, Florida. The property is leased to Heartland Dental, LLC, the nation’s largest dental support organization, under a corporate-guaranteed NN lease with approximately 6.2 years of remaining primary term. The lease features attractive 10% rental increases every five years throughout the primary term and renewal options, providing investors with contractual income growth and long-term cash flow visibility. Constructed in 1999 as a purpose-built dental facility, the property occupies a highly visible position along Little Road, one of Pasco County’s primary commercial corridors carrying approximately 40,000 vehicles per day. The asset benefits from strong surrounding retail fundamentals, including nearby Publix, Starbucks, McDonald’s, Circle K, Truist, and numerous national retailers that drive consistent consumer traffic to the corridor. Located approximately 35 miles northwest of Tampa, New Port Richey is among the fastest-growing communities within the Tampa Bay MSA and serves as a major residential and service hub for Pasco County. Supported by sustained population growth, continued residential development, and increasing in-migration from higher-cost coastal markets, Heartland Dental offers investors the opportunity to acquire a well-located healthcare asset leased to an industry-leading operator in one of Florida’s strongest suburban growth markets.

FOR SALE DETAILS

PRICE

$2,240,000 USD

PRICE/SF

$455 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental - New Port Richey, FL

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

53,916 SF

ZONING

C2

APN/PARCEL ID

11-26-16-0020-03400-0030

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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