Odessa, FL - Whitestone Dental & Skin NV

Description:

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% occupied, two-tenant retail investment property located in Odessa, Florida (Tampa-St. Pete-Clearwater MSA). The property features 7.4 years of Weighted Average Lease Term (WALT), with each tenant carrying two (2) additional 5-year renewal options, providing stable in-place income with long-term extension potential. Both tenants have 3% annual rental increases throughout their respective leases, driving NOI growth and providing a built-in hedge against inflation. The property was recently constructed in 2023 with high-quality materials and modern fixtures.

Note 1: Rent shown for Whitestone Dental reflects the scheduled rental increase effective January 1, 2027. Seller to credit Buyer the difference between in-place rent and the increased rent from closing through December 31, 2026.
Note 2: The Whitestone Dental personal guaranty is limited to 60 months of rent and operating expenses, plus any unamortized tenant improvement and leasing commission costs.

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Listing ID: a28TP000003WWz7YAG