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825 W Martin Luther King Blvd
Tampa, FL 33603
Great Expressions Dental Centers · Bureau Propriété À vendre
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Faits saillants de l'investissement
- Long-Term Lease Through 2034: Great Expressions recently executed a lease extension through December 2034, demonstrating commitment to location.
- Attractive $250/SF Basis: Offered at approximately $250/SF, providing an attractive basis for a specialized medical/dental facility in the Tampa MSA.
- National Dental Platform: Great Expressions operates 300+ locations and provides general and specialty dental services across multiple states.
- 3% Annual Rent Growth: Contractual 3% annual increases provide consistent NOI growth throughout the remaining base term.
- Approximately $700,000 Tenant Investment: Great Expressions completed substantial renovations in 2023.
- Strategic Tampa Medical Corridor: Located approximately 1.5 miles from St. Joseph’s Hospital with visibility along Dr. Martin Luther King Jr. Blvd.
Résumé de l'annonce
Matthews™ is pleased to exclusively present the opportunity to acquire a 10,520-square-foot single-tenant dental investment leased to Great Expressions Dental Centers in Tampa, Florida. Great Expressions has operated at this established location since acquiring the practice in 2007 and recently extended its lease through December 2034.
The lease features 3% annual rent increases and a significant scheduled rent step-up, providing investors with consistent NOI growth and an approximately 7.88% yield by 2030 based on the current asking price. The Property is offered at approximately $250/SF, providing an attractive basis within the Tampa MSA.
Great Expressions invested approximately $700,000 in renovations and equipment in 2023, while the Property also benefits from a roof replaced in 2018 with a represented transferable 20-year warranty. Located approximately 1.5 miles from St. Joseph’s Hospital along a highly visible corridor carrying approximately 34,500 vehicles per day, the asset combines long-term tenancy, contractual rent growth and an established healthcare location.
The lease features 3% annual rent increases and a significant scheduled rent step-up, providing investors with consistent NOI growth and an approximately 7.88% yield by 2030 based on the current asking price. The Property is offered at approximately $250/SF, providing an attractive basis within the Tampa MSA.
Great Expressions invested approximately $700,000 in renovations and equipment in 2023, while the Property also benefits from a roof replaced in 2018 with a represented transferable 20-year warranty. Located approximately 1.5 miles from St. Joseph’s Hospital along a highly visible corridor carrying approximately 34,500 vehicles per day, the asset combines long-term tenancy, contractual rent growth and an established healthcare location.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Taille du bâtiment
10 386 pi²
Classe d’immeuble
C
Année de construction/rénovation
1970/1999
Prix
3 634 775 $ CAD
Prix par pi²
349,97 $ CAD
Taux de capitalisation
6,50%
Revenu net d’exploitation
236 260 $ CAD
Location
Unique
Hauteur du bâtiment
2 étages
Superficie de plancher typique
5 260 pi²
Coefficient d’occupation des sols de l’immeuble
0,27
Taille du lot
0,88 AC
Zonage
SH-CG - SH-CG - Commercial - Medical Buildings
Impôts fonciers
| Numéro de lot | A-02-29-18-ZZZ-000005-86240.0 | Évaluation des bâtiments | 1 967 980 $ CAD |
| Évaluation du terrain | 139 $ CAD | Évaluation totale | 1 968 119 $ CAD |
Impôts fonciers
Numéro de lot
A-02-29-18-ZZZ-000005-86240.0
Évaluation du terrain
139 $ CAD
Évaluation des bâtiments
1 967 980 $ CAD
Évaluation totale
1 968 119 $ CAD
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