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Miscellaneous

Heartland Dental | Absolute NNN Lease

1621 Cape Coral Pkwy W, Cape Coral, FL 33914

Listing Price: $3,189,000

Cap Rate
5.15%
Tenant Name
Heartland Dental
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
3,918
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.91

Investment Overview

10 YEAR ABSOLUTE NNN HEARTLAND DENTAL WITH 10% RENT INCREASES
• This Heartland Dental location has a new 10 year, corporate-guaranteed absolute NNN lease with 10% rent increases every five years during the initial term and option periods.
• There are No Landlord Responsibilities.
• The Tenant is responsible for Roof, Structure, Parking Lot, CAM, HVAC, Taxes, Insurance, and Utilities.
• High performing office that has been opened since 2021 w/ a new 10 year lease.

CAPE CORAL-FORT MYERS
• Cape Coral is located in Southwest Florida and is the largest city between Tampa and Miami.
• Cape Coral has seen a 54% population increase over the last 20 years and is expected to grow by another 50% in the next 17 years.
• Over 4.5 million tourists visit Cape Coral – Fort Myers annually and spend more than $4 Billion while in the area.
• The economy in Cape Coral is based on healthcare services, retail, and real estate/construction.
• Cape Coral Hospital employees over 2,000 staff members and has a total economic impact of over $3 Billion annually to Southwest Florida.
• Home to Florida Southwestern State College which supports 14,000 students and 530 faculty members.

5 MILE POPULATION: 111,642 WITH 9.27% GROWTH
• The subject property is in a dense neighborhood location in Cape Coral, with over 50,000 roof tops and 111,642 people in a 5 mile radius
• The 5 Mile population growth is 9.27% and the Average Household Income is $97,488

ACROSS FROM TOP PERFORMING PUBLIX | 1.1 MILLION CUSTOMERS/YEAR
• This Heartland is positioned on Cape Coral Pkwy (29,000 VPD) directly across the street from a Publix Anchored Shopping Center.
• This Publix is a high performer and ranks in the top 21% in the nation against other Publix locations and supports over1.1 million customers per year.
• 2 Miles from Bimini Square, a large mixed use development with 218 luxury apartments, a waterfront restaurant, medical, and retail spaces.

FLORIDA IS A TAX FREE STATE
• Florida is one of seven tax free states in the country.
• Florida is one of the fastest growing states in the country and is adding over 211,000 residents each year.

HEARTLAND DENTAL | 1,800+ LOCATIONS
• Heartland Dental is the largest dental support organization in the U.S. with more than 1,800+ offices in 39 states and over 2,800 doctors.
• In 2024, Heartland Dental opened 136 practices with plans to open over 1,130 additional locations in the future.
• Heartland Dental is majority owned by KKR, the largest global investment company in the world with over $496M under management

Investment Highlights

  • 10 Year Absolute NNN Heartland Dental With 10% Rent Increases
  • Cape Coral- Fort Myers
  • 5 Mile Population: 111,642 With 9.27% Growth
  • Across From Top Performing Publix | 1.1 Million Customers/Year
  • Florida Is A Tax Free State
  • Heartland Dental | 1,800 + Locations

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Miscellaneous

Heartland Dental | Absolute NNN Lease

Listing Price: $3,189,000

Cap Rate
5.15%
Tenant Name
Heartland Dental
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
3,918
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.91

Investment Highlights

  • 10 Year Absolute NNN Heartland Dental With 10% Rent Increases
  • Cape Coral- Fort Myers
  • 5 Mile Population: 111,642 With 9.27% Growth
  • Across From Top Performing Publix | 1.1 Million Customers/Year
  • Florida Is A Tax Free State
  • Heartland Dental | 1,800 + Locations

Investment Overview

10 YEAR ABSOLUTE NNN HEARTLAND DENTAL WITH 10% RENT INCREASES • This Heartland Dental location has a new 10 year, corporate-guaranteed absolute NNN lease with 10% rent increases every five years during the initial term and option periods. • There are No Landlord Responsibilities. • The Tenant is responsible for Roof, Structure, Parking Lot, CAM, HVAC, Taxes, Insurance, and Utilities. • High performing office that has been opened since 2021 w/ a new 10 year lease. CAPE CORAL-FORT MYERS • Cape Coral is located in Southwest Florida and is the largest city between Tampa and Miami. • Cape Coral has seen a 54% population increase over the last 20 years and is expected to grow by another 50% in the next 17 years. • Over 4.5 million tourists visit Cape Coral – Fort Myers annually and spend more than $4 Billion while in the area. • The economy in Cape Coral is based on healthcare services, retail, and real estate/construction. • Cape Coral Hospital employees over 2,000 staff members and has a total economic impact of over $3 Billion annually to Southwest Florida. • Home to Florida Southwestern State College which supports 14,000 students and 530 faculty members. 5 MILE POPULATION: 111,642 WITH 9.27% GROWTH • The subject property is in a dense neighborhood location in Cape Coral, with over 50,000 roof tops and 111,642 people in a 5 mile radius • The 5 Mile population growth is 9.27% and the Average Household Income is $97,488 ACROSS FROM TOP PERFORMING PUBLIX | 1.1 MILLION CUSTOMERS/YEAR • This Heartland is positioned on Cape Coral Pkwy (29,000 VPD) directly across the street from a Publix Anchored Shopping Center. • This Publix is a high performer and ranks in the top 21% in the nation against other Publix locations and supports over1.1 million customers per year. • 2 Miles from Bimini Square, a large mixed use development with 218 luxury apartments, a waterfront restaurant, medical, and retail spaces. FLORIDA IS A TAX FREE STATE • Florida is one of seven tax free states in the country. • Florida is one of the fastest growing states in the country and is adding over 211,000 residents each year. HEARTLAND DENTAL | 1,800+ LOCATIONS • Heartland Dental is the largest dental support organization in the U.S. with more than 1,800+ offices in 39 states and over 2,800 doctors. • In 2024, Heartland Dental opened 136 practices with plans to open over 1,130 additional locations in the future. • Heartland Dental is majority owned by KKR, the largest global investment company in the world with over $496M under management

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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