8921 Immokalee Rd
Naples, FL 34120
Heartland Dental & Sherwin Williams Shops · Retail Property For Sale

Capital Pacific is pleased to present the opportunity to acquire Heartland Dental and Sherwin Williams Shops, a three-tenant NNN investment in Naples, Florida. The property is newly constructed and leased to three strong corporate tenants – Verizon Wireless ($126 Billion in revenue), Sherwin Williams ($15 Billion in revenue), and Heartland Dental ($1.3 Billion in revenue). Heartland Dental and Sherwin Williams have 9.5 years on their leases and each feature a rental increase. Verizon has 4.5 years left on its lease, and all tenants have options to renew at increased rents. Additionally, the tenants reimburse for their expenses, with Landlord responsibility limited to roof and structure (the property was built in 2018 which mitigates near-term Landlord responsibility). The property is on a hard corner with excellent frontage and visibility. It fronts a main road and is surrounded by additional retail that creates a strong draw to the area. The asset is located within the desirable city of Naples, an affluent coastal market in the tax-free state of Florida. Within a 3-mile radius of the property the average household incomes are more than $114,000. The trade area includes a dense housing as well as complementary commercial development. Retailers in the immediate vicinity include: Publix Super Market, CVS, Starbucks, and Walgreens.