Riverview, FL - Petfolk & Pacific Dental

Description:

• Opportunity to acquire a brand new two-tenant Petfolk and Pacific Dental building located in Riverview, FL (Tampa MSA)
• Both tenants recently signed brand new 10-year leases with multiple options to extend, demonstrating their long-term commitment to the site
• 2026 construction features high-quality materials, high-level finishes, and distinct design elements
• Petfolk has a 7.5% increase in year 6 and Pacific Dental has a 10%increase in year 6 - both feature 10% increases at the beginning of each option, providing a future investor with a significant hedge against inflation
• Petfolk is a rapidly expanding veterinary care provider in the U.S. with a network of 32 modern veterinary clinics and plan on growing nationwide 1233
• Pacific Dental is one of the largest dental support organizations in the U.S., supporting more than 1,233 practices across the nation,

• Significant residential and commercial growth throughout the surrounding Applo Beach and Riverview area, highlighted by numerous new retail developments, national tenant expansions, and master-planned residential communities
• Promenade Costco & Target: featuring a 169,000 SF Costco and 149,000 SF Target stores, with additional retail, restaurant, and mixed-use development opportunities (Article Link)
• The Yard At Waterset: continued expiations with a new retail and restaurant concepts, including a planned Swig drive-thru
• Waterset Community: Waterset is a 2,375 acre master-planned community approved for 6,428 residential units, approximately 498,480 SF of commercial development, and 198,900 SF of office space (Article Link)
• The Home Depot: A major commercial development proposed along U.S. 301, featuring a 150,000 SF Home Depot, 70,000 SF medical office building (Article Link)
• National credit retailers in the immediate trade area that include McDonald’s, Starbucks, Chipotle, Walmart, Chick-fil-A, Publix, Dutch Bros, Jersey Mike’s, and more

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Listing ID: a28TP0000045PLFYA2