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20301 Pleasant Plains Pky 4,280 SF Retail Building Land O' Lakes, FL 34637 $3,523,000 ($823.13/SF) 5.28% Cap Rate
Executive Summary
This Heartland Dental property represents a strong net-lease investment opportunity with a tenant that ranks among the leading dental support organizations in the U.S. Heartland Dental's scale is evident through its supported network generating over $4.2 billion in annual revenue, reinforcing the tenant’s reliability and operational strength.
Strategically located along U.S. Route 41, the site enjoys excellent visibility and accessibility while capitalizing on substantial local and commuter traffic stemming from the greater Tampa region, home to a population of more than 400,000 people. The property offers multiple points of ingress and egress and sits in close proximity to the intersection of Pleasant Plains Parkway and Land O’Lakes Boulevard, a burgeoning trade corridor in Pasco County.
The surrounding demographics position the asset for long-term stability, with more than 57,000 residents within five miles, an 87% increase since 2010, paired with an impressive average household income of $145,571. Shadow-anchoring from a nearby Publix supermarket ensures heavy retail traffic and cross-shopping potential, complemented by proximity to major residential communities and new housing developments in Spring Hill, Odessa, and Port Richey.
Projected population and income growth trends underscore market resiliency, enhancing long-term asset appreciation for investors seeking both solid returns and reliable tenancy in a rapidly growing Florida market.
Strategically located along U.S. Route 41, the site enjoys excellent visibility and accessibility while capitalizing on substantial local and commuter traffic stemming from the greater Tampa region, home to a population of more than 400,000 people. The property offers multiple points of ingress and egress and sits in close proximity to the intersection of Pleasant Plains Parkway and Land O’Lakes Boulevard, a burgeoning trade corridor in Pasco County.
The surrounding demographics position the asset for long-term stability, with more than 57,000 residents within five miles, an 87% increase since 2010, paired with an impressive average household income of $145,571. Shadow-anchoring from a nearby Publix supermarket ensures heavy retail traffic and cross-shopping potential, complemented by proximity to major residential communities and new housing developments in Spring Hill, Odessa, and Port Richey.
Projected population and income growth trends underscore market resiliency, enhancing long-term asset appreciation for investors seeking both solid returns and reliable tenancy in a rapidly growing Florida market.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,280 SF
Building Class
B
Year Built
2019
Price
$3,523,000
Price Per SF
$823.13
Cap Rate
5.28%
NOI
$185,966
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
4.38 AC
Zoning
MPUD
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 35-25-18-0100-00000-0020 | Improvements Assessment | $578,873 |
| Land Assessment | $125,005 | Total Assessment | $703,878 |
Property Taxes
Parcel Number
35-25-18-0100-00000-0020
Land Assessment
$125,005
Improvements Assessment
$578,873
Total Assessment
$703,878
Contacts
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Michael Yuras -
Ryan Forsyth -
Jack Hinson -
Vincent Aicale -
Scott Crowle -
Cushman & Wakefield
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20301 Pleasant Plains Pky
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