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5139 Little Road, New Port Richey, FL, 34655

Monticciolo Family & Sedation Dentistry
$4,986,609

Key Information

Cap Rate
5.75%
Tot. SF
6,742
Year Built
2002/R 2010
Term Remaining
±14.78 YRS
Type
Healthcare

Highlights

  • Best-In Class-Tenant — This New Port Richey office is among Monticciolo’s largest and best-performing locations, making it a mission critical location for the company. The company provides a full range of general dentistry services but stands out as a leader in sedation dentistry, a set a of techniques and practices used to help patients stay comfortable and minimize pain during treatment.
  • Absolute NNN Lease — Healthcare properties are rarely offered as completely hands off investments with no landlord responsibilities. This lease structure is perfect for any investor
    looking for a property without any expense, management, or maintenance responsibilities.
  • High Growth, Recession Resistant, $187 Billion Industry — Dentistry is one of the largest industries in healthcare and grows by an average of 5.3% annually. This offering provides the opportunity to acquire a property within one of the most important areas of healthcare.
  • Robust & Growing Retail Corridor — The property sits within an extremely well positioned retail corridor and is across the street from a Publix anchored shopping center. The property benefits from extremely high visibility as Little Rd sees over 44,000 cars per day directly in front of the building.
  • Explosive Population Growth — Within five miles of the property, the area has seen a massive population boom, growing over 8.50% from 2020-2024. This growth is projected
    to ramp up to 20% over the next four years, with the number of residents growing from 166,000 to over 200,000 by 2029.
  • Zero Income Tax State — Florida having no income tax makes this an ideal investment for anyone in Florida or other income tax free states.
  • Specialized Use & Tenant Investment in Location — It is highly cost prohibitive for dental practices to relocate due to having one of the highest build-out costs across all medical
    specialties. Practices tend to stay put due to difficulty in retaining the same patients after moving. Monticciolo has operated at this location for over a decade and just signed a 15-year lease for the location.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203