Learn more about this property
Details: Retail
Asking Price: $2,654,000
Square Feet: 3,750 SF
Asking Cap Rate: 5.75%
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