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34224222
34224243

2755 E Gulf to Lake Hwy, Inverness, FL 34453

CC
FL BK3199690, GA 435587 (+1)
Collison Capital
Listed by Collison Capital
$2,491,250
5 days on market
Updated 4 days ago

Aspen Dental

Details
APN 19E19S1000200010
Property Type Retail, Office
Sub Type Medical Office
Square Footage 3,750
Cap Rate 6.00%
NOI $149,475
Occupancy 100%
Tenancy Single
Brand/Tenant Aspen Dental
Lease Type NN+
Lease Term 10
Lease Expiration 12/31/2035
Remaining Term 9.5
Rent Bumps Yes
Lease Options Yes
Price per SqFt $664
Broker Co-Op Yes
Class A
Year Built 2015
Buildings 1
Stories 1
Acreage 0.570
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/29/2015
Ground Lease No
Ownership Fee Simple

9.5 Years Base Rent Remaining I 6.00% Cap

Marketing description

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.

Investment highlights

  • Well-positioned outparcel Aspen Dental within 238K SF shopping center.
  • Excellent visibility along busy Gulf to Lake Highway (30K+ cars per day)
  • 2015 construction with significant tenant build-out and established operating history
  • Lease includes corporate guarantee and favorable 8% rent increases at each option period to serve as inflation hedge
  • Neighboring outparcel retail includes McDonald’s (adjacent), BBVA Bank, Shell, Wells Fargo, Wendy’s, and Dunkin Donuts

Listing Contacts

CC
FL BK3199690, GA 435587 (+1)
Collison Capital
Listed by Collison Capital

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$149,475.00
$12,456.25/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

Map

Zoning

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GNC CommercialGeneral CommercialGeneral Commercial
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Last updated Jan 27, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Carter Collison
License
BK3199690
Brokerage Phone
4072344111
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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