Learn more about this property

Details: Retail

Asking Price: $2,775,000

Square Feet: 3,750 SF

Asking Cap Rate: 5.50%

Year Built: 2018

NOI: $152,625

Lease Structure: Absolute NNN

Aspen Dental

2513 James L Redman Pkwy, Plant City, FL 33566

THE OPPORTUNITY

  • Net Leases
  • Aspen Dental leases are Corporately guaranteed
  • 10 Year Initial Term through 1/31/28
  • Aspen Dental operates 1000 locations 
  • One of the largest Healthcare Retailers in the country
  • 10% Rent escalations in years 6-10
  • Landlord Responsibilities:
  • Roof, Structure 
  • Three 5-year options
  • 10% Rent escalations in every option​​

THE HIGHLIGHTS

  • Excellent visibility from James L. Redman Pkwy 
  • High traffic counts of 26,328 ADT
  • Center is located along one of the major retail corridors in the market
  • Area retailers include Walmart, Lowes, Winn Dixie, Ross
  • Outparcel to Lowes with interconnectivity to the Lowes property
  • Constructed in 2018
  • Market rents in the submarket have grown by 7.8% in the past 12 months
  • Vacancy rates in the MSA are below 3.3%

Contact us about this property