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Heartland Dental 11965 Mezzo Dr 4,500 SF Retail Building Venice, FL 34293 $4,200,000 ($933.33/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- POSITIONED IN FAST GROWING MASTER-PLANNED COMMUNITIES
- FLORIDA TAX-FREE INCOME STATE
- LARGEST DENTAL ORGANIZATION GUARANTY
EXECUTIVE SUMMARY
ABS. NNN LEASE STRUCTURE
- One of the first Abs. NNN Heartland Dental lease formats
- Zero landlord Responsibilities
- 12 Year lease with four (4) five (5) year extensions
- 10% Rental Increases every 5 years and in extensions
LARGEST DENTAL ORGANIZATION GUARANTY
- Heartland Dental is the largest dental support organization in the United States
- Over 1,800 Locations
- 2024 Total Revenue was over $3B
POSITIONED IN FAST GROWING MASTER-PLANNED COMMUNITIES
- Situated in Wellen Park, one of the top 10 fastest-selling master planned communities in the US
- Community projected to reach 50,000+ residents at buildout
- Adjacent to Costco and neighboring Publix, Starbucks, and McDonald’s
EXCEPTIONAL DEMOGRAPHICS
- North Port is among the fastest-growing cities in Florida
- Population has increased 42% since 2010
- Average household income within 3 miles exceeds $125K and population exceeds 20,000
NEW CONSTRUCTION HEALTHCARE FACILITY
- New construction delivered to Heartland Dentals latest prototype
- Tenant invested significant capital into specialized infrastructure
- Heartland is focused on nationwide expansion program in high-growth Sunbelt markets
FLORIDA TAX-FREE INCOME STATE
- Located in a State with no personal income tax
- Top destination for high income households
- The regions population aged 45+ has grown 35% since 2010 fueling healthcare demand
- One of the first Abs. NNN Heartland Dental lease formats
- Zero landlord Responsibilities
- 12 Year lease with four (4) five (5) year extensions
- 10% Rental Increases every 5 years and in extensions
LARGEST DENTAL ORGANIZATION GUARANTY
- Heartland Dental is the largest dental support organization in the United States
- Over 1,800 Locations
- 2024 Total Revenue was over $3B
POSITIONED IN FAST GROWING MASTER-PLANNED COMMUNITIES
- Situated in Wellen Park, one of the top 10 fastest-selling master planned communities in the US
- Community projected to reach 50,000+ residents at buildout
- Adjacent to Costco and neighboring Publix, Starbucks, and McDonald’s
EXCEPTIONAL DEMOGRAPHICS
- North Port is among the fastest-growing cities in Florida
- Population has increased 42% since 2010
- Average household income within 3 miles exceeds $125K and population exceeds 20,000
NEW CONSTRUCTION HEALTHCARE FACILITY
- New construction delivered to Heartland Dentals latest prototype
- Tenant invested significant capital into specialized infrastructure
- Heartland is focused on nationwide expansion program in high-growth Sunbelt markets
FLORIDA TAX-FREE INCOME STATE
- Located in a State with no personal income tax
- Top destination for high income households
- The regions population aged 45+ has grown 35% since 2010 fueling healthcare demand
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
4,500 SF
Year Built
2024
Price
$4,200,000
Price Per SF
$933.33
Cap Rate
5%
NOI
$210,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.48 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Heartland Dental
- Health Care and Social Assistance
- 4,500 SF
- -
- Nov 2036
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Heartland Dental | Health Care and Social Assistance | 4,500 SF | - | Nov 2036 |
NEARBY MAJOR RETAILERS
Fifth Third Bank
CONTACTS
-
David Hoppe -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
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Heartland Dental | 11965 Mezzo Dr
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