Contractual 3% Annual Rent Growth – The lease provides 3% annual rental increases, delivering predictable year-over-year NOI growth and creating an attractive hedge against inflation throughout the remaining lease term.
8.5% NOI Increase in 2029 – In addition to 3% annual rent increases, the lease includes a scheduled 8.5% rent increase in 2029, boosting the property’s yield by approximately 60 basis points in a single year and increasing the average cash-on-cash yield over the remaining base term to approximately 7.72%.
Demonstrated Commitment to the Site – The tenant recently executed a long-term lease extension through 2034, reinforcing its commitment to the location and providing investors with long-term income backed by an established operator that has chosen to remain at the property.
Attractive Basis in a Supply-Constrained Market – At approximately $250 per square foot, the Property offers investors an opportunity to acquire institutional-quality medical real estate in the Tampa MSA at a basis well below estimated replacement cost and recent medical office sale comparables.
Recently Replaced Roof with Transferable 20-Year Warranty – The Property features a roof replaced in 2018, backed by a transferable 20-year manufacturer warranty (Approximately 12 years remaining). This significant capital improvement reduces near-term capital expenditure risk and provides investors with added confidence in the long-term integrity of the asset.
Established Tampa Practice – The subject property has been occupied by a successful dental practice for decades and represents a true legacy location within the Tampa market. The practice has served the community for more than 60 years, establishing a long-standing patient base and strong local reputation. Great Expressions Dental Centers acquired the practice in 2007 and has continued operating from this location for nearly two decades, further reinforcing the property’s stability and importance within its national network.

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Great Expressions Dental Centers

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Broker of Record

Kyle Matthews