Listed by Atlantic Capital Partners
$4,117,647
Heartland Dental | Bradenton, FL
Details
Property Type Retail
Sub Type Pharmacy/Drug, Storefront
Net Rentable (SqFt) 4,260
Cap Rate 5.1%
NOI $210,000
Occupancy 100%
Tenancy Single
Brand/Tenant Fresenius Kidney Care, Aspen Dental
Lease Type Absolute NNN
Lease Term 12
Lease Expiration 05/31/2038
Remaining Term 11.9
Rent Bumps Yes
Lease Options 4 x 5-year options
Class A
Year Built 2026
Acreage 0.730
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/03/2026
Ground Lease No
5.10% CAP | CORP ABS NNN
Investment highlights
ATTRACTIVE LEASE FUNDAMENTALS
- 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.
CORPORATE GUARANTEE FROM HEARTLAND DENTAL, LLC
- Heartland Dental is the largest dental support organization in the United States | Over 1,800 Locations | 2023 Total Revenue was $3.2B.
RECENT RENOVATION IN A HIGH TRAFFICKED CORRIDOR
- The Building has recently been renovated to suit the tenant's need | Transferable warranties in place | Site is positioned off of busy SR 64 E (31K VPD).
HIGH INCOME TRADE AREA
- Average household income within a 1 mile radius exceeds $160K | Affluent demographics drive strong patient bases for Heartland Dental with more than 110K people within a 5-mile radius.
RAPIDLY EXPANDING MARKET
- Bradenton–Lakewood Ranch area ranked among the top 5 fastest-growing master-planned communities in the U.S. | Population growth exceeds 3% annually | Expanding residential base drives continued healthcare demand.
TOURISM IN HIGH GROWTH ST. PETERSBURG MSA
- Tampa–St. Petersburg–Clearwater welcomed 26M+ visitors in 2023 | Sarasota–Bradenton region adds another 3.5M annual visitors | Combined tourism spend exceeds $7B annually.
Listing Contacts
Listed by Atlantic Capital Partners
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$210,000.00
$17,500.00/mo
Valuation Metrics
0
DSCR
5.1%
Cap Rate
5.1%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
