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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

Collison Capital is pleased to present for sale a fee simple, double-net (NN+) leased Aspen Dental investment opportunity prominently situated along E. Gulf to Lake Highway in Inverness, Florida, the primary regional transportation artery serving Citrus County. Constructed in 2015, the 3,750 square foot freestanding building is ideally positioned as an outparcel to the 238,000 square foot Citrus Center, anchored by TJ Maxx, providing exceptional visibility, superior access, and sustained consumer traffic throughout the lease term.
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

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,750 SF
Building Class
B
Year Built
2015
Price
$2,491,250
Price Per SF
$664.33
Cap Rate
6%
NOI
$149,475
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.57 AC
Zoning
GNC - General Retail
Parking
23 Spaces (6.13 Spaces per 1,000 SF Leased)

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
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Nearby Major Retailers

Bank of America
Suncoast Credit Union
Olive Garden

Property Taxes

Property Taxes

Parcel Number
19E-19S-10-0020-00000-0010
Land Assessment
$371,790
Improvements Assessment
$898,268
Total Assessment
$1,270,058
  • Listing ID: 41185836

  • Date on Market: 7/7/2026

  • Last Updated:

  • Address: 2755 E Gulf To Lake Hwy, Inverness, FL 34453

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