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Single-Tenant Office

Heartland Dental | Across from Publix | Vero Beach, FL

2450 53rd St, Vero Beach, FL 32967

Listing Price: $3,010,400

Cap Rate
5.90%
Tenant Name
Harbor Point Dental Care
Years Remaining On Lease
7.1
Gross SF
3,947
Guarantor
Corporate Guarantee
Rentable SF
3,947
Price/Gross SF
$762.71
Lease Type
Double Net
Rent Per Square Feet
$45.00

Investment Overview

Marcus & Millichap is pleased to present for sale Heartland Dental in Vero Beach, Florida. 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.

Vero Beach is a charming coastal city located in Indian River County, Florida, and a haven for golf, water sports, and fishing. This Treasure Coast gem boasts 26 miles of beaches, an uncrowded shoreline, posh resorts, and a sophisticated arts and entertainment scene.

Investment Highlights

  • 10-Year Heartland Dental Corporate Guaranteed Lease
  • Shadow-Anchored by CVS and Adjacent to Publix Super Market and Harbor Shopping Center
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Highly Accessible Location Directly Off of Signalized Intersection of U.S. Route 1 (Over 28,000 Cars per Day) and 53rd Street (12,500 Cars per Day)
  • Central Location Along the Treasure Coast with Direct Connection to Vero Beach Attractions and Vero Beach Regional Airport
  • 157,650 Residents and Over 159,750 Daytime Employees within a Ten-Mile Radius - Rapidly Growing Trade Area
  • High Income Area with Average Annual Income Exceeding $123,600 within Three-Miles
  • Average Annual Population Projected to Increase 4 – 8% in the Next Five Years

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Single-Tenant Office

Heartland Dental | Across from Publix | Vero Beach, FL

Listing Price: $3,010,400

Cap Rate
5.90%
Tenant Name
Harbor Point Dental Care
Years Remaining On Lease
7.1
Gross SF
3,947
Guarantor
Corporate Guarantee
Rentable SF
3,947
Price/Gross SF
$762.71
Lease Type
Double Net
Rent Per Square Feet
$45.00

Investment Highlights

  • 10-Year Heartland Dental Corporate Guaranteed Lease
  • Shadow-Anchored by CVS and Adjacent to Publix Super Market and Harbor Shopping Center
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Highly Accessible Location Directly Off of Signalized Intersection of U.S. Route 1 (Over 28,000 Cars per Day) and 53rd Street (12,500 Cars per Day)
  • Central Location Along the Treasure Coast with Direct Connection to Vero Beach Attractions and Vero Beach Regional Airport
  • 157,650 Residents and Over 159,750 Daytime Employees within a Ten-Mile Radius - Rapidly Growing Trade Area
  • High Income Area with Average Annual Income Exceeding $123,600 within Three-Miles
  • Average Annual Population Projected to Increase 4 – 8% in the Next Five Years

Investment Overview

Marcus & Millichap is pleased to present for sale Heartland Dental in Vero Beach, Florida. 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. Vero Beach is a charming coastal city located in Indian River County, Florida, and a haven for golf, water sports, and fishing. This Treasure Coast gem boasts 26 miles of beaches, an uncrowded shoreline, posh resorts, and a sophisticated arts and entertainment scene.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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