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Heartland Dental 10616 SW Village Pky 4,328 sq ft Retail Property Port Saint Lucie, FL 34987 £3,037,072 (£701.73/sq ft) 5% Net Initial Yield
INVESTMENT HIGHLIGHTS
- LARGEST DENTAL ORGANIZATION GUARANTY
- OUTPARCEL TO TOP PERFORMING CENTER
- NEARBY MEDICAL CENTER
EXECUTIVE SUMMARY
RARE LEASE STRUCTURE
- One of the first Abs. NNN Leased Heartland Dentals
- Zero landlord responsibilities
- 12 Years lease with four (4) five (5) year extensions
- 10% rental Increases every 5 years and in option periods
LARGEST DENTAL ORGANIZATION GUARANTY
- Heartland Dental is the largest dental support organization in the United States
- Over 1,800 Locations
- 2023 Total Revenue was $3B
OUTPARCEL TO TOP PERFORMING CENTER
- Site is positioned in front of the Landing at Tradition Shopping Mall - a 651K SF Power Center
- This shopping center has a 0% vacancy rate according to Costar. com
- Shopping Center Anchor tenants include: Burlington, T.J. Maxx, Target, and more
NEW CONSTRUCTION
- The Building has recently been built to suit the tenant’s specifications
- Tenant has paid to add specific capital improvements to enhance operational performance
LOCATED IN DENSE RETAIL NODE
- Within a 1-mile radius of the site there is more than 1.1M SF of retail space
- Vacancy rate for that 1-mile radius around the site is 0%
- Nearby National Retail Tenants Include: Target, Walmart Supercenter, The Home Depot, Bass Pro Shops, and much more
NEARBY MEDICAL CENTER
- Just 1.1 miles from the site is the 201,000 SF 90 bed Tradition Medical Center
- The Hospital was built in 2013 and expanded in 2017 employs more than 3,000 employees with a strong economic impact in the community
- One of the first Abs. NNN Leased Heartland Dentals
- Zero landlord responsibilities
- 12 Years lease with four (4) five (5) year extensions
- 10% rental Increases every 5 years and in option periods
LARGEST DENTAL ORGANIZATION GUARANTY
- Heartland Dental is the largest dental support organization in the United States
- Over 1,800 Locations
- 2023 Total Revenue was $3B
OUTPARCEL TO TOP PERFORMING CENTER
- Site is positioned in front of the Landing at Tradition Shopping Mall - a 651K SF Power Center
- This shopping center has a 0% vacancy rate according to Costar. com
- Shopping Center Anchor tenants include: Burlington, T.J. Maxx, Target, and more
NEW CONSTRUCTION
- The Building has recently been built to suit the tenant’s specifications
- Tenant has paid to add specific capital improvements to enhance operational performance
LOCATED IN DENSE RETAIL NODE
- Within a 1-mile radius of the site there is more than 1.1M SF of retail space
- Vacancy rate for that 1-mile radius around the site is 0%
- Nearby National Retail Tenants Include: Target, Walmart Supercenter, The Home Depot, Bass Pro Shops, and much more
NEARBY MEDICAL CENTER
- Just 1.1 miles from the site is the 201,000 SF 90 bed Tradition Medical Center
- The Hospital was built in 2013 and expanded in 2017 employs more than 3,000 employees with a strong economic impact in the community
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Property Size
4,328 sq ft
Costar Property Class
C
Year Built
2024
Price
£3,037,072
Price per sq ft
£701.73
Yield
5%
NOI
£151,846
Tenancy
Single
Number of Floors
1
Plot ratio
0.07
Total Plot Size
1.41 ac
Use Class
C-2 - Commercial
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE TYPE
- LEASE END
- Heartland Dental
- Administrative and Support Services
- 4,328 sq ft
- -
- NNN
- May 2036
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE TYPE | LEASE END | |
| Heartland Dental | Administrative and Support Services | 4,328 sq ft | - | NNN | May 2036 |
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 43-10-602-0007-0001 | Improvements Assessment | £175,274 |
| Land Assessment | £1,378,136 | Total Assessment | £1,553,409 |
PROPERTY TAXES
Parcel Number
43-10-602-0007-0001
Land Assessment
£1,378,136
Improvements Assessment
£175,274
Total Assessment
£1,553,409
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Heartland Dental | 10616 SW Village Pky
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