loader
Join Free
Views: 163 DOM: 359 Updated: 11.08.24 Posted: 11.28.23 Status: Active

Summary

Price $2,867,797
Built/Renov 2022
Tenant Heartland Dental
Cap Rate 5.90%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 3,600
Lease Start 12-02-2022
#Units 1,700
Price/SF $796.61
Expiration 12-31-2032
Tenant Type Medical/Health
NOI $169,200
R. Term 8.1
Ownership Fee Simple
Rent/SF $47.00
Increases 10.0%/4/yrs
Pop 5Mi 28,535
Lot/AC 0.79
Options 4/5yrs/10%
AHHI 5Mi $89,153

Lease Highlights

  • New 2022 construction
  • Heartland Dental has 8 years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features 10% rental increases every 5 year throughout the initial term and at the start of each option
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

Heartland Dental is conveniently located along Panama City Beach Parkway which sees 52,000+ vehicles passing by daily. The site benefits from shared ingress and egress with a Publix anchored shopping center. It is also surrounded by many national tenants including Home Depot, Office Depot, Dunkin’, Chick-fil-A, Lowe’s, AutoZone, Culver’s, and others, promoting strong crossover traffic to the...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Heartland Dental Heartland Dental is the nation's largest dental support organization providing non-clinical, administrative support services. Heartland Dental partners with its supported...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 6,966 22,848 36,344
2023 Total Population : 6,536 22,536 35,928
2023 Employed Civilian Pop : 4,062 13,201 20,569
2023 Total Businesses : 284 1,529 2,408
2023 Average Household Income : $ 89,627 $ 93,310 $ 93,849
2023 Total Consumer Spending : $ 222 M $ 797 M $ 1301 M
2023 Median Age : 37 39 41
2023 Total Households : 2,855 9,828 15,916
2023 Pop Age 25+: Bachelor's Degree : 915 4,091 6,701
2023 Average Home Value : $ 388,636 $ 379,289 $ 383,305
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Richard Jackson Boulevard Panama City Beach Pky 2022 15,100 0.40 mi
Richard Jackson Boulevard Paddock Club Dr 2021 16,800 0.41 mi
Hutchison Boulevard S Glades Trl 2022 19,100 0.80 mi
Hutchison Boulevard Beckrich Rd 2021 25,000 0.80 mi
Hutchison Boulevard Geneva Ave 2022 21,700 0.82 mi
Richard Jackson Boulevard Hutchison Blvd 2022 7,500 0.82 mi
Alf Coleman Road Panama City Beach Pky 2022 9,400 0.84 mi
Alf Coleman Road Cabana Blvd 2021 11,000 0.84 mi
Panama City Beach Pky Alf Coleman Rd 2005 38,000 0.86 mi
Churchwell Drive White Sandy Dr 2022 1,900 0.97 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity