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Heartland Dental 10616 SW Village Pky 4,328 SF Retail Building Port Saint Lucie, FL 34987 $4,099,000 ($947.09/SF) 5% Cap Rate
Investment Highlights
- LARGEST DENTAL ORGANIZATION GUARANTY
- OUTPARCEL TO TOP PERFORMING CENTER
- NEARBY MEDICAL CENTER
Executive Summary
RARE LEASE STRUCTURE
- One of the first Abs. NNN Leased Heartland Dentals
- Zero landlord responsibilities
- 12 Years lease with four (4) five (5) year extensions
- 10% rental Increases every 5 years and in option periods
LARGEST DENTAL ORGANIZATION GUARANTY
- Heartland Dental is the largest dental support organization in the United States
- Over 1,800 Locations
- 2023 Total Revenue was $3B
OUTPARCEL TO TOP PERFORMING CENTER
- Site is positioned in front of the Landing at Tradition Shopping Mall - a 651K SF Power Center
- This shopping center has a 0% vacancy rate according to Costar. com
- Shopping Center Anchor tenants include: Burlington, T.J. Maxx, Target, and more
NEW CONSTRUCTION
- The Building has recently been built to suit the tenant’s specifications
- Tenant has paid to add specific capital improvements to enhance operational performance
LOCATED IN DENSE RETAIL NODE
- Within a 1-mile radius of the site there is more than 1.1M SF of retail space
- Vacancy rate for that 1-mile radius around the site is 0%
- Nearby National Retail Tenants Include: Target, Walmart Supercenter, The Home Depot, Bass Pro Shops, and much more
NEARBY MEDICAL CENTER
- Just 1.1 miles from the site is the 201,000 SF 90 bed Tradition Medical Center
- The Hospital was built in 2013 and expanded in 2017 employs more than 3,000 employees with a strong economic impact in the community
- One of the first Abs. NNN Leased Heartland Dentals
- Zero landlord responsibilities
- 12 Years lease with four (4) five (5) year extensions
- 10% rental Increases every 5 years and in option periods
LARGEST DENTAL ORGANIZATION GUARANTY
- Heartland Dental is the largest dental support organization in the United States
- Over 1,800 Locations
- 2023 Total Revenue was $3B
OUTPARCEL TO TOP PERFORMING CENTER
- Site is positioned in front of the Landing at Tradition Shopping Mall - a 651K SF Power Center
- This shopping center has a 0% vacancy rate according to Costar. com
- Shopping Center Anchor tenants include: Burlington, T.J. Maxx, Target, and more
NEW CONSTRUCTION
- The Building has recently been built to suit the tenant’s specifications
- Tenant has paid to add specific capital improvements to enhance operational performance
LOCATED IN DENSE RETAIL NODE
- Within a 1-mile radius of the site there is more than 1.1M SF of retail space
- Vacancy rate for that 1-mile radius around the site is 0%
- Nearby National Retail Tenants Include: Target, Walmart Supercenter, The Home Depot, Bass Pro Shops, and much more
NEARBY MEDICAL CENTER
- Just 1.1 miles from the site is the 201,000 SF 90 bed Tradition Medical Center
- The Hospital was built in 2013 and expanded in 2017 employs more than 3,000 employees with a strong economic impact in the community
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,328 SF
Building Class
C
Year Built
2024
Price
$4,099,000
Price Per SF
$947.09
Cap Rate
5%
NOI
$204,940
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.41 AC
Zoning
C-2 - Commercial
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Heartland Dental
- Administrative and Support Services
- 4,328 SF
- -
- Triple Net
- May 2036
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Heartland Dental | Administrative and Support Services | 4,328 SF | - | Triple Net | May 2036 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 43-10-602-0007-0001 | Improvements Assessment | $236,100 |
| Land Assessment | $1,856,400 | Total Assessment | $2,092,500 |
Property Taxes
Parcel Number
43-10-602-0007-0001
Land Assessment
$1,856,400
Improvements Assessment
$236,100
Total Assessment
$2,092,500
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Heartland Dental | 10616 SW Village Pky
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