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2755 E Gulf To Lake Hwy 3,750 SF Retail Building Inverness, FL 34453 $2,491,250 ($664.33/SF) 6% Cap Rate



Investment Highlights
- Well-positioned outparcel Aspen Dental within 238K SF shopping center.
- 2015 construction with significant tenant build-out and established operating history
- Neighboring outparcel retail includes McDonald’s (adjacent), BBVA Bank, Shell, Wells Fargo, Wendy’s, and Dunkin Donuts
- Excellent visibility along busy Gulf to Lake Highway (30K+ cars per day)
- Lease includes corporate guarantee and favorable 8% rent increases at each option period to serve as inflation hedge
Executive Summary
Aspen Dental recently exercised a base term extension, resulting in 9.5 years of remaining base term with 5% rental escalation in Year 5 and three five-year renewal options, each with 8% increases, providing investors with a built-in hedge against inflation and meaningful long term upside. The double-net lease structure features minimal landlord
responsibilities, a corporate guarantee from Aspen Dental Management, Inc. (ADMI), and no termination, purchase, or right of first refusal provisions, offering a clean, passive investment profile.
The subject property benefits from outstanding retail co-tenancy, with national operators including McDonald's (adjacent), Olive Garden, Ruby Tuesday, Walmart, Lowe's, Wells Fargo, and Dunkin' having established E. Gulf to Lake Highway as Citrus County's preeminent retail corridor. With general retail availability along the corridor measuring just 4.3%, the market reflects strong occupancy fundamentals and durable long-term demand for well-located retail real estate.
Property Facts
Amenities
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- -
- -
- Triple Net
- Dec 2035
Aspen Dental began in New York in 1998 with a goal of making dental care easier for patients and dentists, and the company now operates as a dental support organization behind Aspen Dental-branded practices. The business focuses on full-service oral care, including general dentistry, dentures, dental implants, clear aligners, emergency dental care, checkups, and related treatment options. Aspen Dental also emphasizes appointment scheduling and financing support through its consumer-facing platform, which is designed to help patients access care through local dental offices across the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Health Care and Social Assistance | - | - | Triple Net | Dec 2035 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 19E-19S-10-0020-00000-0010 | Improvements Assessment | $898,268 |
| Land Assessment | $371,790 | Total Assessment | $1,270,058 |
Property Taxes
Presented by
2755 E Gulf To Lake Hwy
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