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Heartland Dental - Orlando MSA 1986 FL-19 4,328 SF Office Building Tavares, FL 32778 $4,045,000 ($934.61/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- 11 Years Remaining | Scheduled Rental Increases | Corporate Signed Lease | Well-Known & Established Brand
- Tavares Crossroads Outparcel | Surrounding Retailers | Fronting US-19 | Tavares - New Home Developments
- Absolute NNN | Fee Simple Ownership | No State Income Tax | Zero Landlord Responsibilities
- Demographics & 5-Mile Trade Area | Proximity to Orlando
EXECUTIVE SUMMARY
• The tenant has 11 years remaining on a 12-year lease with 4 (5-year) option periods to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation
• The lease is signed by the corporate entity
• Founded in 1997, Heartland Dental is the nation’s largest dental support organization with over 1,800 offices and 3,000 doctors
• The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation
• The lease is signed by the corporate entity
• Founded in 1997, Heartland Dental is the nation’s largest dental support organization with over 1,800 offices and 3,000 doctors
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
4,328 SF
Building Class
B
Year Built
2024
Price
$4,045,000
Price Per SF
$934.61
Cap Rate
5%
NOI
$202,254
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,328 SF
Building FAR
0.08
Lot Size
1.21 AC
Zoning
C-2 - Commercial District
Parking
36 Spaces (8.32 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 06-20-26-1000-000-00500 | Improvements Assessment | $0 |
| Land Assessment | $842,108 | Total Assessment | $842,108 |
PROPERTY TAXES
Parcel Number
06-20-26-1000-000-00500
Land Assessment
$842,108
Improvements Assessment
$0
Total Assessment
$842,108
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Heartland Dental - Orlando MSA | 1986 FL-19
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