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Single-Tenant Office Medical

Heartland Dental | Publix Outparcel | 52,000 VPD | Panama City Beach, FL

11130 Panama City Beach Pkwy, Panama City Beach, FL 32407

Listing Price: $2,867,797

Cap Rate
5.90%
Tenant Name
Breakfast Point Dental Care
Years Remaining On Lease
8.2
Gross SF
3,600
Guarantor
Corporate Guarantee
Rentable SF
3,600
Price/Gross SF
$796.61
Lease Type
Double Net
Rent Per Square Feet
$47.00

Investment Overview

Marcus & Millichap is pleased to present for sale Heartland Dental in Panama City 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.
Panama City Beach is a resort town in Bay County, Florida, along the Gulf of Mexico coast in the Florida Panhandle. Often referred to as just “Panama City,” Panama City Beach’s slogan is “The World’s Most Beautiful Beaches” due to the unique, sugar-white sandy beaches of northwest Florida. With a population of approximately 13,000 residents, the city’s population swells significantly during the peak tourist season.

Investment Highlights

  • 10-Year Heartland Dental Corporate Guaranteed Lease
  • Shared Ingress and Egress with Publix Super Market Anchored Shopping Center
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Highly Accessible Location Directly Off of Panama City Beach Parkway / Highway-98 (52,000 Cars per Day)
  • Surrounded by National Tenants: Publix, Home Depot, Office Depot, Dunkin', Chick-fil-A, Lowe's, AutoZone, Culver's, and Many More

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 Medical

Heartland Dental | Publix Outparcel | 52,000 VPD | Panama City Beach, FL

Listing Price: $2,867,797

Cap Rate
5.90%
Tenant Name
Breakfast Point Dental Care
Years Remaining On Lease
8.2
Gross SF
3,600
Guarantor
Corporate Guarantee
Rentable SF
3,600
Price/Gross SF
$796.61
Lease Type
Double Net
Rent Per Square Feet
$47.00

Investment Highlights

  • 10-Year Heartland Dental Corporate Guaranteed Lease
  • Shared Ingress and Egress with Publix Super Market Anchored Shopping Center
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Highly Accessible Location Directly Off of Panama City Beach Parkway / Highway-98 (52,000 Cars per Day)
  • Surrounded by National Tenants: Publix, Home Depot, Office Depot, Dunkin', Chick-fil-A, Lowe's, AutoZone, Culver's, and Many More

Investment Overview

Marcus & Millichap is pleased to present for sale Heartland Dental in Panama City 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. Panama City Beach is a resort town in Bay County, Florida, along the Gulf of Mexico coast in the Florida Panhandle. Often referred to as just “Panama City,” Panama City Beach’s slogan is “The World’s Most Beautiful Beaches” due to the unique, sugar-white sandy beaches of northwest Florida. With a population of approximately 13,000 residents, the city’s population swells significantly during the peak tourist season.

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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