St. Augustine, FL - Heartland Dental

Description:

• The tenant recently signed a brand new 10-year lease with 3 (5-year) option periods to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation
• The lease is signed by the corporate entity
• Heartland Dental continues to expand its Southeast footprint, highlighted by its 2025 Smile Design Dentistry transaction, which added 60 supported practices across Florida and brought Heartland’s network to more than 3,000 doctors and 1,900 locations nationwide

• Strategically positioned along State Road 16, a major east-west corridor connecting the World Golf Village area with I-95 and St. Augustine
• Next door to a new Daily’s gas station and convenience store featuring 32 fuel pumps, a drive-thru car wash, and EV charging stations (Article)
• Adjacent to SilverLeaf, one of Northeast Florida’s largest master-planned communities, creating a substantial and growing built-in consumer base
• 17,600 planned residential units across approximately 11,000 acres, making SilverLeaf #7 top-selling master-planned community in the nation (SilverLeaf)
• 2.9 million SF of planned mixed-use and commercial space, creating a major residential and commercial node surrounding the property
(SilverLeaf)
• SilverLeaf recorded 1,002 home sales in 2025, up from 905 in 2024, an approximately 11% year-over-year increase (Article Link)
• The surrounding corridor continues to experience significant residential and commercial development, driving increased traffic, visibility and daily activity near the property

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Listing ID: a28TP0000047iwUYAQ