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5.50%
CAP RATE
2020
Year Built
4,280
Building SF
40,500
Traffic Counts
.71
Land Acres
 
 

Property Information

  • Tenant: Heartland Dental d/b/a Terracina Dental Care
  • Hard corner lot at 0.71 acre located just west of I-4 at the lighted intersection of S-R 46 and International Parkway
  • Heathrow International Business Center is an office campus situated within 370 acres of office and commercial development. Daytime population is estimated to be 15,038
  • One mile from Seminole Towne Center, a 1.2M SF Regional mall and surrounding retail
  • Nearby retailers include Publix, AutoZone, CareNow, Ace Hardware, Fairwinds Credit Union, Subway, Tijuana Flats, and many more

Investment Highlights

  • Lease type: NNN Minimal Landlord Responsibilities: Roof & Structure
  • Base Rent Years 1-5: $166,920 Years 6-10: $183,612 Option 1 (Years 10-15): $201,973 Option 2 (Years 16-20): $221,175 Option 3 (Years 21-25): $244,388
  • Rent Commencement: December 9th, 2020
  • Base Lease Term: 10 years
  • Rent Increases: 10% every 5 years including options
  • Options: Three 5-Year
  • FROR: 30 Days

    Tenant Summary

    • Heartland Dental (d/b/a Terracina Dental Care) is the leading dental support organization in the United States. With over 900 supported dental offices in 37 states, Heartland Dental is experiencing phenomenal growth nationwide.
    • 15% of revenue growth in just the first year is experienced by the supported offices.
    • The market for dental services is already huge and is expected to continue growing. In 2017, industry was valued at $73 billion by the investment bank, Harris Williams and Co.

    Demographics

      FOR MORE DETAILS CONTACT
      Sam Nasrallah
      Net Lease Specialist
      (321) 427-5437
      nnnman@aol.com
      Sandra Nasrallah
      Charles Wayne Properties
      (321) 626-7667
      netleasesandra@gmail.com