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Heartland Dental
5068 West S-R 46,
Sanford, FL 32771
Prime NNN Investment! Brand New Construction
5.50%
CAP RATE
2020
Year Built
4,280
Building SF
40,500
Traffic Counts
.71
Land Acres
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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
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