This New Port Richey Medical Office represents a rare opportunity to acquire a stabilized single-tenant healthcare asset in New Port Richey, FL. Featuring a long-term absolute NNN lease with Monticciolo Family & Sedation Dentistry, the property benefits from a 15-year term with fixed annual increases beginning in year seven. The tenant specializes in comprehensive general dentistry and stands out as a regional leader in sedation dentistry, making this facility a mission-critical location. Constructed in 2022 and offering 6,742 square feet, the building reflects a modern medical standard with consistent performance and strong tenant commitment.

The asset operates on an absolute NNN structure, providing a true passive-income profile with no landlord responsibilities for maintenance, repairs, or expenses. This structure offers simplicity and reliability to investors seeking stable healthcare returns. The dental industry remains a recession-resistant, high-growth sector valued at over $187 billion and expanding at more than 5% annually, aligning this offering with long-term healthcare demand.

Located within a high-growth corridor, the property benefits from heavy traffic and proximity to major retailers, including a Publix-anchored center directly nearby. The corridor sees over 44,000 vehicles per day, ensuring strong visibility and accessibility. The surrounding area has experienced explosive population growth, increasing more than 8.5% between 2020 and 2024, with projections exceeding 20% growth by 2029 as the population rises to more than 200,000 residents.

Florida’s status as a zero-income-tax state enhances the appeal of this offering for investors seeking tax-efficient passive income. Dental practices have some of the highest medical build-out costs in the industry, making relocation extremely rare. This further strengthens tenant stability and long-term performance. Monticciolo has operated in this location for over a decade and recently committed to a new 15-year lease, underscoring the property’s strategic importance.

Investment Highlights

Best-In-Class Tenant

• Mission-critical location for an established dental provider
• Leader in sedation dentistry and full-service general dentistry

Absolute NNN Lease

• Zero landlord responsibilities
• Ideal for passive, hands-off investors

High-Growth, Recession-Resistant Industry

• Part of a $187B healthcare sector
• Dental industry growing 5.3% annually

Prime Retail Corridor

• Located in a busy retail area near a Publix-anchored center
• Over 44,000 cars per day for strong visibility

Explosive Population Growth

• Population up 8.5% from 2020–2024
• Expected to grow more than 20% by 2029

Zero Income Tax State

• Florida provides additional investment advantages

Specialized Use & High Tenant Investment

• Dental facilities have among the highest build-out costs
• Tenant operation for over a decade with a new 15-year lease