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Palm Bay, FL - Heartland Dental

$4,000,000

120 St Johns Heritage Pkwy, Palm Bay, FL 32907

Active
Last Updated: 10/23/2026

5.25

Cap Rate

210,000

NOI

Details:
Cap Rate:    5.25%
NOI:    $210,000
Building Size:    4,348 sqft
Lot Area:    0.83 acres
Occupancy:    100%
Year Built:    2026
Zoning:    CC: Community Commercial
Description:

• The tenant recently signed a brand new 12-year lease with 4 (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 3,100 doctors and 1,800 locations nationwide

Map:
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