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Heartland Dental 16147 Marsh Rd 4,200 SF Retail Building Winter Garden, FL 34787 $4,179,000 ($995/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- LARGEST DENTAL ORGANIZATION GUARANTY
- RECENT CONSTRUCTION
- HIGH GROWTH ORLANDO MSA
EXECUTIVE SUMMARY
RARE 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
NEARBY MARKET DRIVERS
- Just east of the site is the Nest Schools Winter Garden - Nest Schools is a day care and school for infants through kindergarteners
- Just 1.5 miles east of the site is Whispering Oak Elementary school with students enrolled from PK to 5th grade
- There are more than 1,000 students enrolled at these schools providing a large nearby customer base
ORLANDO, FL NEIGHBORHOOD
- AHHI exceeds $184K in 1-mile radius, $170K in 3-mile, and $160K in 5-mile radius
- Winter Garden is a very densely populated and wealthy community with high discretionary income
RECENT CONSTRUCTION
- The Building has recently been built to suit the tenant’s specifications
- Tenant has paid to add specific capital improvements to enhance operational performance
HIGH GROWTH ORLANDO MSA
- Orlando, FL region is projected to add more than 1,500 people every week for the next 11 years
- Orlando was the 2nd fastest growing metro from 2022 to 2023
- 2.1% forecasted employment growth for 2024 (1.4% National Avg.)
- 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
NEARBY MARKET DRIVERS
- Just east of the site is the Nest Schools Winter Garden - Nest Schools is a day care and school for infants through kindergarteners
- Just 1.5 miles east of the site is Whispering Oak Elementary school with students enrolled from PK to 5th grade
- There are more than 1,000 students enrolled at these schools providing a large nearby customer base
ORLANDO, FL NEIGHBORHOOD
- AHHI exceeds $184K in 1-mile radius, $170K in 3-mile, and $160K in 5-mile radius
- Winter Garden is a very densely populated and wealthy community with high discretionary income
RECENT CONSTRUCTION
- The Building has recently been built to suit the tenant’s specifications
- Tenant has paid to add specific capital improvements to enhance operational performance
HIGH GROWTH ORLANDO MSA
- Orlando, FL region is projected to add more than 1,500 people every week for the next 11 years
- Orlando was the 2nd fastest growing metro from 2022 to 2023
- 2.1% forecasted employment growth for 2024 (1.4% National Avg.)
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
4,200 SF
Year Built
2025
Price
$4,179,000
Price Per SF
$995
Cap Rate
5%
NOI
$208,950
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.60 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Heartland Dental
- Retailer
- 4,200 SF
- -
- Triple Net
- Jun 2037
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Heartland Dental | Retailer | 4,200 SF | - | Triple Net | Jun 2037 |
NEARBY MAJOR RETAILERS
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Heartland Dental | 16147 Marsh Rd
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