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Heartland Dental 310 17th St 2,400 SF Office Building Vero Beach, FL 32960 $770,921 ($321.22/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Recent Capital Investments: Recent upgrades include a new roof, HVAC system, and parking lot resurfacing, enhancing long-term reliability
- Stable Income & Inflation Hedge: The lease carries 6.75 years of remaining term and 2.5% annual rent increases beginning July 2025
- The asset offers limited landlord responsibilities and credit-backed income under a corporate Heartland Dental lease
- Passive Ownership: The NN+ lease structure provides hands-off ownership, with the tenant responsible for repairs, maintenance, taxes and more
- Located within a professionally managed medical condominium complex just two miles from Cleveland Clinic
- Landlord exposure is limited to non-recurring special assessments, ensuring a low-maintenance, stable investment secured by a corporate guarantee
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
2,400 SF
Building Class
B
Year Built
1999
Price
$770,921
Price Per SF
$321.22
Cap Rate
6.75%
NOI
$52,037
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,400 SF
Building FAR
0.11
Lot Size
0.50 AC
AMENITIES
- Storage Space
- Natural Light
- Air Conditioning
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Heartland Dental | 310 17th St
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