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Heartland Dental 9163 Babcock St SE 4,260 SF Retail Building Palm Bay, FL 32909 $4,200,000 ($985.92/SF) 5% Cap Rate
Investment Highlights
- LOCATED IN FAST GROWING & HIGHLY AFFLUENT PALM BAY
- BREVARD COUNTY ECONOMIC DRIVERS
- PUBLIX OUTPARCEL & NEW DEVELOPMENT
Executive Summary
CORPORATE GUARANTEE FROM CREDIT TENANT
- Heartland Dental is the largest dental support organization in the United States
- Over 1,800 Locations
- 2024 Total Revenue was $4.2B
STRATEGIC CONNECTIVITY
- This brand new construction is less than 3 miles from I -95
- Quick access to Palm BayMelbourne-Titusville regional market
- 242 feet of frontage and excellent visibility
PUBLIX OUTPARCEL & NEW DEVELOPMENT
- Immediate trade area features multiple master planned residential communities under construction
- Cypress Bay Preserve, Emerald Lakes and Edgewood at Everland’s
- Across the street from Courtyard at Waterstone
- Outparcel to Publix Shopping Center
LOCATED IN FAST GROWING & HIGHLY AFFLUENT PALM BAY
- AHHI exceeds $180K in a 1-mile radius
- Within the rapidly growing Palm Bay–Melbourne–Titusville MSA (600,000+ residents)
- Palm Bay is the largest city in Brevard County (127,000+ residents) and benefits from strong aerospace, defense, and tech employment clusters led by Lockheed Martin, L3Harris, and Northrop Grumman
- Potential customers with an AHHI greater than $160,000
STRONG LEASE FUNDAMENTALS
- Abs. NNN Heartland Dental concepts
- Zero landlord Responsibilities
- 12 Years lease with four (4) five (5) year extensions
- 10% Rental Increases every 5 years and in option periods
BREVARD COUNTY ECONOMIC DRIVERS
- Anchored by aerospace, defense, and high-tech employers
- L3Harris (8,000+ employees), Northrop Grumman (6,500+ employees), and Lockheed Martin contribute to consumer spending
- Heartland Dental is the largest dental support organization in the United States
- Over 1,800 Locations
- 2024 Total Revenue was $4.2B
STRATEGIC CONNECTIVITY
- This brand new construction is less than 3 miles from I -95
- Quick access to Palm BayMelbourne-Titusville regional market
- 242 feet of frontage and excellent visibility
PUBLIX OUTPARCEL & NEW DEVELOPMENT
- Immediate trade area features multiple master planned residential communities under construction
- Cypress Bay Preserve, Emerald Lakes and Edgewood at Everland’s
- Across the street from Courtyard at Waterstone
- Outparcel to Publix Shopping Center
LOCATED IN FAST GROWING & HIGHLY AFFLUENT PALM BAY
- AHHI exceeds $180K in a 1-mile radius
- Within the rapidly growing Palm Bay–Melbourne–Titusville MSA (600,000+ residents)
- Palm Bay is the largest city in Brevard County (127,000+ residents) and benefits from strong aerospace, defense, and tech employment clusters led by Lockheed Martin, L3Harris, and Northrop Grumman
- Potential customers with an AHHI greater than $160,000
STRONG LEASE FUNDAMENTALS
- Abs. NNN Heartland Dental concepts
- Zero landlord Responsibilities
- 12 Years lease with four (4) five (5) year extensions
- 10% Rental Increases every 5 years and in option periods
BREVARD COUNTY ECONOMIC DRIVERS
- Anchored by aerospace, defense, and high-tech employers
- L3Harris (8,000+ employees), Northrop Grumman (6,500+ employees), and Lockheed Martin contribute to consumer spending
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
4,260 SF
Building Class
B
Year Built
2026
Price
$4,200,000
Price Per SF
$985.92
Cap Rate
5%
NOI
$210,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.20 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Heartland Dental
- -
- 4,260 SF
- -
- Jan 2038
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Heartland Dental | - | 4,260 SF | - | Jan 2038 |
Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 30-37-03-52-00000.0-00C5.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $780,590 |
Property Taxes
Parcel Number
30-37-03-52-00000.0-00C5.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$780,590
Contacts
-
David Hoppe -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
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Heartland Dental | 9163 Babcock St SE
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