Press Releases
Marcus & Millichap Brokers Sale of Net-Leased Dental Office Property in Ormond Beach, Florida
June 18, 2025
ORMOND BEACH, Fla., June 18, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a net-leased office property occupied by Heartland Dental in Ormond Beach, Florida. The property sold for $3,083,400.
“We are pleased to have represented the developer in the sale of the Heartland Dental property in Ormond Beach, Florida,” said Zack House, managing director investments. “This location features a long term Absolute NNN lease providing a secure and passive income stream. We currently have additional Heartland Dental properties for investors seeking high-quality net leased investments. Please contact our team for details.”
House, Alex Frankel, Mark Ruble and Chris Lind, investment specialists in Marcus & Millichap’s Columbus and Phoenix offices, had the exclusive listing to market the property on behalf of the seller, a Delaware limited liability company. Tarek Chbeir from the firm’s Orlando office procured the buyer, who completed a 1033 exchange and was based out of the area. Ryan Nee is the firm’s broker of record in Florida.
“This deal highlights the continued demand for mailbox money investments in Florida’s coastal growth corridors,” said Chbeir, senior director investments. “We sourced an out-of-area buyer completing a 1033 exchange who was attracted to the long-term stability of the lease and the strength of the surrounding Publix-anchored retail.”
The property is on 1.55 acres at 3775 Roscommon Dr. and features a brand-new, 10-year absolute triple-net lease guaranteed by Heartland Dental. Shadow-anchored by Publix and the Shops at Halifax Plantation Village, the site benefits from direct access to State Highway 95, which sees more than 92,000 vehicles per day. Built in 2022, it is positioned within the Halifax Plantation master-planned community and adjacent to the private Plantation Bay neighborhood.
“We are pleased to have represented the developer in the sale of the Heartland Dental property in Ormond Beach, Florida,” said Zack House, managing director investments. “This location features a long term Absolute NNN lease providing a secure and passive income stream. We currently have additional Heartland Dental properties for investors seeking high-quality net leased investments. Please contact our team for details.”
House, Alex Frankel, Mark Ruble and Chris Lind, investment specialists in Marcus & Millichap’s Columbus and Phoenix offices, had the exclusive listing to market the property on behalf of the seller, a Delaware limited liability company. Tarek Chbeir from the firm’s Orlando office procured the buyer, who completed a 1033 exchange and was based out of the area. Ryan Nee is the firm’s broker of record in Florida.
“This deal highlights the continued demand for mailbox money investments in Florida’s coastal growth corridors,” said Chbeir, senior director investments. “We sourced an out-of-area buyer completing a 1033 exchange who was attracted to the long-term stability of the lease and the strength of the surrounding Publix-anchored retail.”
The property is on 1.55 acres at 3775 Roscommon Dr. and features a brand-new, 10-year absolute triple-net lease guaranteed by Heartland Dental. Shadow-anchored by Publix and the Shops at Halifax Plantation Village, the site benefits from direct access to State Highway 95, which sees more than 92,000 vehicles per day. Built in 2022, it is positioned within the Halifax Plantation master-planned community and adjacent to the private Plantation Bay neighborhood.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
