Log In/Sign Up
Your email has been sent.
Heartland Dental - Cape Coral FL 1509 SW Pine Island Rd 4,200 SF Retail Building Cape Coral, FL 33991 $4,200,000 ($1,000/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand new 12-year corporate-guaranteed lease with Heartland Dental.
- 10% rental increases every 5 years and in each renewal option.
- Part of a larger retail development with ALDI and Walmart nearby.
- Absolute NNN lease with zero landlord responsibilities.
- Coral Grove | 131 Acre New Towne Center | Premier Cape Coral Destination
- Located at a high-traffic signalized intersection in Cape Coral.
EXECUTIVE SUMMARY
This newly constructed single-tenant retail asset presents a rare opportunity to acquire a management-free investment in the heart of Cape Coral’s booming retail corridor. Located at the signalized intersection of Pine Island Road and Chiquita Boulevard, the property benefits from exceptional visibility with traffic counts exceeding 73,500 vehicles per day. The site is part of a larger retail development anchored by ALDI, ABC Fine Wine & Spirits, and Goodwill, and sits just east of a high-performing Walmart Neighborhood Market.
The tenant, Heartland Dental, has signed a 12-year absolute NNN lease commencing September 2025, backed by a corporate guaranty. The lease includes 10% rental increases every five years and four 5-year renewal options, offering built-in income growth and inflation protection. Heartland Dental is the nation’s largest dental support organization, operating over 1,880 locations nationwide.
The tenant, Heartland Dental, has signed a 12-year absolute NNN lease commencing September 2025, backed by a corporate guaranty. The lease includes 10% rental increases every five years and four 5-year renewal options, offering built-in income growth and inflation protection. Heartland Dental is the nation’s largest dental support organization, operating over 1,880 locations nationwide.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,200 SF
Building Class
B
Year Built
2025
Price
$4,200,000
Price Per SF
$1,000
Cap Rate
5%
NOI
$210,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.83 AC
Zoning
PD - Planned Development
Parking
13 Spaces (3.1 Spaces per 1,000 SF Leased)
Frontage
126’ on SW Pine Island Road
AMENITIES
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15-44-23-C4-10000.0030 | Improvements Assessment | $0 |
| Land Assessment | $588,720 | Total Assessment | $588,720 |
PROPERTY TAXES
Parcel Number
15-44-23-C4-10000.0030
Land Assessment
$588,720
Improvements Assessment
$0
Total Assessment
$588,720
1 of 13
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Heartland Dental - Cape Coral FL | 1509 SW Pine Island Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.