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Monticciolo Family Dentistry Tarpon Springs, Fl

$1,668,000

40668 US Highway 19 North, Tarpon Springs, FL 34689

Active
Last Updated: 08/06/2025

6

Cap Rate

100,109

NOI

Details:
Cap Rate:    6%
NOI:    $100,109
Building Size:    3,215 sqft
Lot Area:    0.519 acres
Occupancy:    100%
Tenancy:    Single
Lease Expire Year:    07/31/2040
Highlights:
  • BRAND NEW 15-YEAR ABSOLUTE NNN LEASE: Brand new 15-year Absolute NNN lease, featuring attractive 2% annual rental escalations starting August 1, 2031
  • TENANT: Monticciolo Family Holdings, LLC - Successfully owns & operates 12 locations in Florida - it’s the largest IV Sedation Dental Group in Florida specializing in niche sedation dentistry for a wide range of patients.
  • HARDNCORNER | TRAFFIC COUNTS: Situated on a signalized, northwest hard corner on a ±0.51-acre lot with excellent drive-by visibility/access on US-19 (main north/south thoroughfare) & E Martin Luther King Jr Dr with traffic counts of 82,859 CPD!
  • DENSE RETAIL CORRIDOR: Well-positioned in a dense retail corridor - Pad site to USPS facility adjacent to Publix and Walmart Anchored Retail Center - within 1 mile of Lowe’s, T.J. Maxx, Bealls, Petco, Ulta Beauty, & Staples
  • 2024 DEMOGRAPHICS: Total Population (5MI): 141,573 | Average Household Income (1MI): $123,658
Description:

Monticciolo Dentistry has a Brand new 15-year Absolute NNN lease, featuring attractive 2% annual rental escalations starting August 1, 2031. The Tenant, Monticciolo Family Holdings, LLC - Successfully owns & operates 12 locations in Florida - it’s the largest IV Sedation Dental Group in Florida specializing in niche sedation dentistry for a wide range of patients. It is Situated on a signalized, northwest hard corner on a ±0.51-acre lot with excellent drive-by visibility/access on US-19 (main north/south thoroughfare) & E Martin Luther King Jr Dr with traffic counts of 82,859 CPD!

The Asset is Well-positioned in a dense retail corridor - Pad site to USPS facility adjacent to Publix and Walmart Anchored Retail Center - within 1 mile of Lowe’s, T.J. Maxx, Bealls, Petco, Ulta Beauty, & Staples. Major retailers in Tarpon Springs include Walmart, Lowe’s, T.J. Maxx, Bealls, Ulta Beauty, Sally, Staples, Dollar Tree, Ace Hardware, Buddy’s Home Furnishings, Petco, Publix, Winn-Dixie, Walgreens, CVS, GNC, Mattress Firm, AutoZone, Advance Auto Parts, Verizon, T-Mobile, Anytime Fitness; Dining options include McDonald’s, Starbucks, Wendy’s, Taco Bell, Burger King, Arby’s, Jersey Mike’s Subs, Panera Bread, Dunkin’, IHOP, Chili’s Grill & Bar, Subway, Marco’s Pizza, Domino’s Pizza, and Tropical Smoothie Café. Monticciolo Dentistry is 6 minutes (2.5 miles) to St. Petersburg College Tarpon Springs - a public college offering associate & baccalaureate degree programs, serving 1,959 students (Fall 2024); 5 minutes (1.5 miles) to AdventHealth North Pinellas - a 168- bed, full-service hospital specializing in cardiovascular medicine, emergency medicine, women’s care, general surgery including minimally invasive & robotic-assisted procedures

Map:
Documents:
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