Overview
Monticciolo is the largest sedation dentistry practice within Florida, offering a premier dental practice operator with 12 locations within the greater Tampa MSA. They offer all standard general dentistry procedures but are the leader within the sedation dentistry practice, a method of helping patients reduce discomfort and pain during dental procedures. This New Port Richey office is one of their largest locations and a top performer, making it a mission critical location for the Monticciolo brand. They have operated at the location for over a decade and just signed a 15-year absolute net lease. Monticciolo has been successfully seeing patients for over 30 years and has shown consistent location growth over the past few decades. As a completely hands off investment located in an exceptionally busy retail corridor, this opportunity is perfect for any investor looking to acquire a core asset with great real estate fundamentals.
Investment Highlights
- Best-In Class-Tenant — This New Port Richey office is among Monticciolo’s largest and best-performing locations, making it a mission critical location for the company. The company provides a full range of general dentistry services but stands out as a leader in sedation dentistry, a set a of techniques and practices used to help patients stay comfortable and minimize pain during treatment.
- Absolute NNN Lease — Healthcare properties are rarely offered as completely hands off investments with no landlord responsibilities. This lease structure is perfect for any investor looking for a property without any expense, management, or maintenance responsibilities.
- High Growth, Recession Resistant, $187 Billion Industry — Dentistry is one of the largest industries in healthcare and grows by an average of 5.3% annually. This offering provides the opportunity to acquire a property within one of the most important areas of healthcare.
- Robust & Growing Retail Corridor — The property sits within an extremely well positioned retail corridor and is across the street from a Publix anchored shopping center. The property benefits from extremely high visibility as Little Rd sees over 44,000 cars per day directly in front of the building.
- Explosive Population Growth — Within five miles of the property, the area has seen a massive population boom, growing over 8.50% from 2020-2024. This growth is projected to ramp up to 20% over the next four years, with the number of residents growing from 166,000 to over 200,000 by 2029.
- Zero Income Tax State — Florida having no income tax makes this an ideal investment for anyone in Florida or other income tax free states.
- Specialized Use & Tenant Investment in Location — It is highly cost prohibitive for dental practices to relocate due to having one of the highest build-out costs across all medical specialties. Practices tend to stay put due to difficulty in retaining the same patients after moving. Monticciolo has operated at this location for over a decade and just signed a 15-year lease for the location.
Photo Gallery
