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32755105
32755104

8381-8383 Seminole Boulevard, Seminole, FL 33772

JZ
AZ SA545840000, NE NE 20070698
Commercial Investment Advisors (CIA) Scottsdale
Listed by Commercial Investment Advisors (CIA) Scottsdale
$4,302,000
22 days on market
Updated 22 days ago

MONTICCIOLO FAMILY & SEDATION DENTISTRY – SEMINOLE, FL

Details
Property Type Office
Sub Type Medical Office
Square Footage 7,293
Net Rentable (SqFt) 7,293
Cap Rate 6.00%
NOI $258,134
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 07/31/2040
Rent Bumps Yes
Lease Options Four 5-Year Renewal Options
Class B
Year Built 1981
Year Renovated 1985
Buildings 1
Acreage 1.036
Zoning C
Investment Type Net Lease
Lease Commencement 07/16/2025
Ownership Fee Simple (Building & Land)

Office | 6.00% CAP | 7,293 SqFt

Marketing description

Monticciolo Family 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 Positioned on a large ±1.036-acre lot with outstanding exposure & direct access on FL-595/Seminole Blvd (main north/south thoroughfare) with traffic counts of 39,710 CPD!

The Asset is near Burlington, Sportsman’s Warehouse, Home Depot, Bealls, HomeGoods, Sprouts Farmers Market, Publix, Aldi, The Fresh Market, and Petco. Major retailers within 5 miles include Walmart, Target, Sam’s Club, Home Depot, Lowe’s, T.J. Maxx, Ross Dress for Less, Kohl’s, Burlington, Sportsman’s Warehouse, Bealls, Talbots, HomeGoods, Ulta Beauty, Five Below, Kirkland’s, Aldi, Publix, Sprouts Farmers Market, The Fresh Market, Petco, Studio Movie Grill, LA Fitness. Monticciolo Family Dentistry is 1.5 miles from St. Petersburg College Seminole - a public college offering associate & baccalaureate degree programs, serving 3,421 students (Fall 2024); 6 miles from HCA Florida Largo - a 455-bed acute care hospital with 2 campuses and a free-standing Emergency Department, offering a number of specialty services including advanced cardiac care, invasive heart procedures, complex GI services, and more.

Investment highlights

  • 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. VERY HIGH-VOLUME STORE. ASK BROKER FOR DETAILS.**
  • DENSE RETAIL CORRIDOR: Close proximity to Burlington, Sportsman’s Warehouse, Home Depot, Bealls, HomeGoods, Sprouts Farmers Market, Publix, Aldi, The Fresh Market, Petco, etc.
  • LARGE PARCEL | TRAFFIC COUNTS: Positioned on a large ±1.036-acre lot with outstanding exposure & direct access on FL-595/Seminole Blvd (main north/south thoroughfare) with traffic counts of 39,710 CPD!
  • VERY AFFLUENT 2025 DEMOGRAPHICS: Total Population (5MI): 228,990 | Average Household Income (1MI): $117,813

Listing Contacts

JZ
AZ SA545840000, NE NE 20070698
Commercial Investment Advisors (CIA) Scottsdale
Listed by Commercial Investment Advisors (CIA) Scottsdale

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$258,134.00
$21,511.17/mo

Valuation Metrics

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DSCR
6%
Cap Rate
6%
ROI

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