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Single-Tenant Office Medical

Heartland Dental | 12 Yr Absolute NNN Lease

765 FL-559, Auburndale, FL 33823

Listing Price: $3,930,040

Cap Rate
5.00%
Tenant Name
Lake Juliana Dental Care (Heartland Dental)
Years Remaining On Lease
11.3
Guarantor
Corporate Guarantee
Rentable SF
4,260
Lease Type
Absolute Net
Rent Per Square Feet
$46.13

Investment Overview

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.

Auburndale is located in Polk County, Florida, home to over 20,000 residents. The city is 40 miles northeast of Tampa and 59 miles southwest of Orlando.

Investment Highlights

  • Brand New 12-Year Absolute NNN Lease with Corporate Guaranty by Heartland Dental
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • New High-Quality 2024 Construction
  • 90,417 Residents in a 5-Mile Radius - Growing Trade Area in the Lakeland-Orlando MSA
  • Households and Population Projected to Increase Over 9% in the Surrounding Area Over the Next 5 Years

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Executive Managing Director / Chief Revenue Officer

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Single-Tenant Office Medical

Heartland Dental | 12 Yr Absolute NNN Lease

Listing Price: $3,930,040

Cap Rate
5.00%
Tenant Name
Lake Juliana Dental Care (Heartland Dental)
Years Remaining On Lease
11.3
Guarantor
Corporate Guarantee
Rentable SF
4,260
Lease Type
Absolute Net
Rent Per Square Feet
$46.13

Investment Highlights

  • Brand New 12-Year Absolute NNN Lease with Corporate Guaranty by Heartland Dental
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • New High-Quality 2024 Construction
  • 90,417 Residents in a 5-Mile Radius - Growing Trade Area in the Lakeland-Orlando MSA
  • Households and Population Projected to Increase Over 9% in the Surrounding Area Over the Next 5 Years

Investment Overview

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. Auburndale is located in Polk County, Florida, home to over 20,000 residents. The city is 40 miles northeast of Tampa and 59 miles southwest of Orlando.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Executive Managing Director / Chief Revenue Officer

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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