Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
$4,198,330
Heartland Dental | 12 Yr Absolute NNN Lease
Details
Property Type Retail, Office
Sub Type Storefront, Medical Office
Square Footage 4,080
Cap Rate 5.15%
NOI $216,214
Occupancy 100%
Tenancy Single
Brand/Tenant Heartland Dental
Lease Type Absolute NNN
Lease Term 12
Lease Expiration 01/31/2037
Remaining Term 11
Rent Bumps Yes
Lease Options 4, 5 Year Options
Year Built 2025
Acreage 0.810
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/17/2025
Ground Lease No
Abs NNN | Corporate Guaranty | Signalized Hard Corner
Marketing description
Heartland Dental operates as a dental practice management organization with headquarters in Effingham, Illinois. It provides support through continuing education; and management services, such as staffing, human relations, purchasing, administration, financial, marketing and information technology support.
Tallahassee, the capital of Florida, is the largest city in the Florida Big Bend and Florida Panhandle region, and the main center for trade and agriculture in the Florida Big Bend and Southwest Georgia regions.
Investment highlights
- Brand New 12-Year Absolute Triple-Net Lease with Corporate Guaranty by Heartland Dental
- Ten Percent Rental Increases Every Five Years with Multiple Renewal Options
- New High-Quality 2025 Construction
- Situated within The Shops at Bannerman Village, Outparcel to New Publix Super Market
- Signalized Hard Corner Location, Easily Accessible by Approximately 18,400 Cars per Day Along Bannerman Road
Listing Contacts
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$216,214.00
$18,017.83/mo
Valuation Metrics
0
DSCR
5.15%
Cap Rate
5.15%
ROI
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