March 7, 2025 – Michael Talbert and Jarett Zackman of Horvath & Tremblay have successfully completed the sale of MUV in Tarpon Springs, Florida. Horvath & Tremblay represented the seller and sourced the buyer to complete the transaction at a sale price of $1,750,000.
MUV is located at 40084 US Highway 19 N in Tarpon Springs, Florida. MUV occupies a 1,660 square foot building positioned on a 0.37-acre parcel of land and has 13+ years remaining on their Modified NNN Lease (Landlord is responsible for Structure only) with two (2), 5-year renewal options. The lease features attractive 3% annual rent increases throughout the primary lease term and renewal options, providing the investor with an attractive increase in revenue and a hedge against inflation. MUV is strategically located on US Highway 19, one of the primary commercial corridors in Tarpon Springs with major retailers driving traffic to the area. The Property enjoys excellent visibility and prominent signage on US Highway 19. MUV is adjacent to Dunkin’ and down the street from the Shoppes at Tarpon, a Publix-anchored retail center, and Tarpon Square, a Walmart Supercenter-anchored retail center.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.