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Single-Tenant Office

Heartland Dental | $125K AHHI in 1-Mile Radius | Tallahassee, FL

3652 Coolidge Ct, Tallahassee, FL 32311

Listing Price: $2,145,600

Cap Rate
6.00%
Tenant Name
Coolidge Court Dental Care
Years Remaining On Lease
8.3
Gross SF
4,023
Guarantor
Corporate Guarantee
Rentable SF
4,023
Price/Gross SF
$533.33
Lease Type
Double Net
Rent Per Square Feet
$32.00

Investment Overview

Marcus & Millichap is pleased to present for sale Heartland Dental in Tallahassee, 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.

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. In 2022, the population was 201,731, making it the eighth-most populous city in the state of Florida, and the population of the Tallahassee metropolitan area was 385,145 as of 2018.

Investment Highlights

  • 10-Year Heartland Dental Corporate Guaranteed Lease
  • Shadow-Anchored by CVS and Adjacent to Publix Super Market and Southwood Village Shops
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Highly Accessible Location Directly Off of the Signalized Intersection of Capital Cir SE / U.S. Route 319 (37,500 Cars per Day) and S Blair Stone Rd (13,600 Cars per Day)
  • Central Location in Tallahassee with Direct Connections to Downtown Tallahassee and in Immediate Proximity to Florida's Government Centers
  • Over 246,750 Residents and Over 360,100 Daytime Employees within a Ten-Mile Radius - Rapidly Growing Tallahassee Trade Area
  • High Income Area with Average Annual Income Exceeding $125,400 within One-Mile
  • Average Annual Population Projected to Increase 4 – 15% 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 | $125K AHHI in 1-Mile Radius | Tallahassee, FL

Listing Price: $2,145,600

Cap Rate
6.00%
Tenant Name
Coolidge Court Dental Care
Years Remaining On Lease
8.3
Gross SF
4,023
Guarantor
Corporate Guarantee
Rentable SF
4,023
Price/Gross SF
$533.33
Lease Type
Double Net
Rent Per Square Feet
$32.00

Investment Highlights

  • 10-Year Heartland Dental Corporate Guaranteed Lease
  • Shadow-Anchored by CVS and Adjacent to Publix Super Market and Southwood Village Shops
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Highly Accessible Location Directly Off of the Signalized Intersection of Capital Cir SE / U.S. Route 319 (37,500 Cars per Day) and S Blair Stone Rd (13,600 Cars per Day)
  • Central Location in Tallahassee with Direct Connections to Downtown Tallahassee and in Immediate Proximity to Florida's Government Centers
  • Over 246,750 Residents and Over 360,100 Daytime Employees within a Ten-Mile Radius - Rapidly Growing Tallahassee Trade Area
  • High Income Area with Average Annual Income Exceeding $125,400 within One-Mile
  • Average Annual Population Projected to Increase 4 – 15% in the Next Five Years

Investment Overview

Marcus & Millichap is pleased to present for sale Heartland Dental in Tallahassee, 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. 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. In 2022, the population was 201,731, making it the eighth-most populous city in the state of Florida, and the population of the Tallahassee metropolitan area was 385,145 as of 2018.

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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