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28017207
29806572

11965 Mezzo Dr, Venice, FL 34293

DH
NC NC 288268
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
Listed by Atlantic Capital Partners
$4,078,000
110 days on market
Updated 13 days ago

Heartland Dental | North Port, FL

Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 4,500
Net Rentable (SqFt) 4,500
Cap Rate 5.15%
NOI $210,000
Occupancy 100%
Tenancy Single
Brand/Tenant Heartland Dental
Lease Type Absolute NNN
Lease Term 12.1
Lease Expiration 11/30/2036
Remaining Term 10.5
Rent Bumps Yes
Lease Options 4 x 5-year options
Price per SqFt $933
Broker Co-Op Yes
Class A
Year Built 2025
Buildings 1
Acreage 1.480
Investment Type Net Lease
Lease Commencement 11/07/2024
Ownership Fee Simple

5.15% CAP | Next Door to Costco

Investment highlights

ABS. NNN LEASE STRUCTURE

  • One of the first Abs. NNN Heartland Dental lease formats

  • Zero landlord Responsibilities

  • 12 Year lease with four (4) five (5) year extensions

  • 10% Rental Increases every 5 years and in extensions

LARGEST DENTAL ORGANIZATION GUARANTY

  • Heartland Dental is the largest dental support organization in the United States

  • Over 1,800 Locations

  • 2024 Total Revenue was over $3B

POSITIONED IN FAST GROWING MASTER-PLANNED COMMUNITIES

  • Situated in Wellen Park, one of the top 10 fastest-selling master planned communities in the US

  • Community projected to reach 50,000+ residents at buildout

  • Adjacent to Costco and neighboring Publix, Starbucks, and McDonald’s

EXCEPTIONAL DEMOGRAPHICS

  • North Port is among the fastest-growing cities in Florida

  • Population has increased 42% since 2010

  • Average household income within 3 miles exceeds $125K and population exceeds 20,000

NEW CONSTRUCTION HEALTHCARE FACILITY

  • New construction delivered to Heartland Dentals latest prototype

  • Tenant invested significant capital into specialized infrastructure

  • Heartland is focused on nationwide expansion program in high-growth Sunbelt markets

FLORIDA TAX-FREE INCOME STATE

  • Located in a State with no personal income tax

  • Top destination for high income households

  • The regions population aged 45+ has grown 35% since 2010 fueling healthcare demand

Listing Contacts

DH
NC NC 288268
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
Listed by Atlantic Capital Partners

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$210,000.00
$17,500.00/mo

Valuation Metrics

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DSCR
5.15%
Cap Rate
5.15%
ROI

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