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825 W Dr Martin Luther King Jr Blvd, Tampa, FL, 33603

Great Expressions Dental Centers

$2,447,640

Key Information

Cap Rate
7%
Tot. SF
10,520
Lot Size
0.88 Acres
Year Built
2023 (R)
Term Remaining
± 3.49 Years
Type
Healthcare
NOI
$171,335

Highlights

• 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.
• Modified Net Lease Structure – The Property is leased on a modified net lease, limiting landlord responsibilities while providing investors with stable cash flow and a highly predictable income stream.
• Mark-to-Market Rental Opportunity – Current rental rates remain below market for comparable medical space within the Tampa market, creating meaningful upside at renewal as landlords have the opportunity to negotiate rental rates more reflective of current market conditions.
• Attractive Basis in a Supply-Constrained Market – At approximately $232 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 replacement cost and recent medical office transactions.
• Recently Replaced Roof with Transferable 20-Year Warranty – The Property features a roof replaced in 2018, backed by a transferable 20-year manufacturer warranty (12 Yrs 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 .

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203