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Views: 190 DOM: 430 Updated: 11.25.24 Posted: 09.22.23 Status: Sold 11.25.24

Summary

Price $3,023,000
Built/Renov 2022
Tenant Heartland Dental
Cap Rate 5.85%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 4,231
Lease Start 09-02-2022
#Units 1,700
Price/SF $714.49
Expiration 09-30-2032
Tenant Type Medical/Health
NOI $176,856
R. Term 7.9
Ownership Fee Simple
Rent/SF $41.80
Increases 10.0%/4/yrs
Pop 5Mi 50,060
Lot/AC 1.20
Options 4/5yrs/10%
AHHI 5Mi $97,298

Lease Highlights

  • New 2022 construction
  • Heartland Dental currently has 9 years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
  • Favorable NN+ lease with landlord responsible for roof and foundation
  • Corporate guarantee by KKR & Co, Inc (NYSE: KKR)

Location Description

This Heartland Dental is strategically located fronting US Highway 55, a major thoroughfare that sees in excess of 23,400 vehicles passing by daily. The site is an outparcel to Foxbank Plantation, 800-acre master-planned community consisting of 2,400+ homes and over 88K SF of commercial space. Nearby national tenants include: Publix, Wendy’s, Bojangles, Dunkin Donuts, Waffle House and more,...

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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...


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Traffic

Collection Street Cross Street Year Traffic Vol Distance
Goose Creek Boulevard North Hwy 52 2021 22,900 0.46 mi
Cypress Gardens Rd Bald Cypress Dr 2018 5,200 0.71 mi
Cypress Gardens Road Bald Cypress Dr 2021 5,700 0.92 mi
US Hwy 52 Red Leaf Blvd 2018 22,600 1.01 mi
Cypress Gardens Rd Groomsville Rd 2015 2,100 1.46 mi
Old Hwy 52 Cypress Plantation Rd 2005 1,400 1.48 mi
Cypress Gardens Road Spring Grove Rd 2021 5,600 1.67 mi
South Live Oak Drive Farrell St 2021 21,300 2.72 mi
Pimlico Boulevard British Dr 2021 2,200 2.94 mi
US Hwy 52 Ramp 2018 31,900 2.95 mi

Listing Broker

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