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Longwood Family Dentistry 2127 W State Road 434 6,906 SF Office Building Longwood, FL 32779 $3,152,000 ($456.41/SF) 5.15% Cap Rate
Investment Highlights
- HIGH GROWTH ORLANDO MSA
- RARE LEASE STRUCTURE
- CORPORATE GUARANTEE FROM CREDIT WORTHY TENANT
Executive Summary
RARE LEASE STRUCTURE
- One of the first Abs. NNN Leased Heartland Dentals
- Corporate Guaranty by Heartland Dental
- 10% Rental Increases every 5 years, including option periods
CORPORATE GUARANTEE FROM CREDIT WORTHY TENANT
- Heartland Dental is the largest dental support organization in the United States
- Over 1,800 Locations
- 2023 Total Revenue over $3B
RECENTLY RENOVATED BUILDING
- The Building has been renovated and retrofitted to suit tenant’s needs
- New roof was installed
- Transferable warranties in place
POSITIONED ON HIGH TRAFFICKED RETAIL CORRIDOR
- Located on State Road 434 (30,000 VPD) and near I-4 (131,500 VPD)
- Over 615K SF of retail space within a 1-mile radius
- Nearby Retailers include: LA Fitness, Publix, Starbucks, Truist, Burger King, etc
HIGH GROWTH ORLANDO MSA
- Orlando, FL region is projected to add more than 1,500 people every week for the next 11 years
- Orlando was the 2nd fastest growing metro from 2022 to 2023
- 2.1% forecasted employment growth for 2024 (1.4% National Avg.)
- One of the first Abs. NNN Leased Heartland Dentals
- Corporate Guaranty by Heartland Dental
- 10% Rental Increases every 5 years, including option periods
CORPORATE GUARANTEE FROM CREDIT WORTHY TENANT
- Heartland Dental is the largest dental support organization in the United States
- Over 1,800 Locations
- 2023 Total Revenue over $3B
RECENTLY RENOVATED BUILDING
- The Building has been renovated and retrofitted to suit tenant’s needs
- New roof was installed
- Transferable warranties in place
POSITIONED ON HIGH TRAFFICKED RETAIL CORRIDOR
- Located on State Road 434 (30,000 VPD) and near I-4 (131,500 VPD)
- Over 615K SF of retail space within a 1-mile radius
- Nearby Retailers include: LA Fitness, Publix, Starbucks, Truist, Burger King, etc
HIGH GROWTH ORLANDO MSA
- Orlando, FL region is projected to add more than 1,500 people every week for the next 11 years
- Orlando was the 2nd fastest growing metro from 2022 to 2023
- 2.1% forecasted employment growth for 2024 (1.4% National Avg.)
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
6,906 SF
Building Class
B
Year Built
2022
Price
$3,152,000
Price Per SF
$456.41
Cap Rate
5.15%
NOI
$162,312
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,906 SF
Building FAR
0.23
Lot Size
0.69 AC
Zoning
PUD
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Heartland Dental
- Administrative and Support Services
- 5,826 SF
- -
- Triple Net
- Feb 2035
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Heartland Dental | Administrative and Support Services | 5,826 SF | - | Triple Net | Feb 2035 |
1 1
Property Taxes
| Parcel Number | 02-21-29-300-006D-0000 | Improvements Assessment | $638,281 |
| Land Assessment | $561,056 | Total Assessment | $1,199,337 |
Property Taxes
Parcel Number
02-21-29-300-006D-0000
Land Assessment
$561,056
Improvements Assessment
$638,281
Total Assessment
$1,199,337
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Longwood Family Dentistry | 2127 W State Road 434
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