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Heartland Dental

$3,384,000

1701 Boy Scout Drive, Fort Myers, FL 33907

Active
Last Updated: 05/08/2025

5.15

Cap Rate

174,284

NOI

Details:
Cap Rate:    5.15%
NOI:    $174,284
Building Size:    3,961 sqft
Lot Area:    1.18 acres
Lease Type:    Absolute Net
Tenancy:    Single
Year Last Renovated:    2023
Highlights:
  • Brand-new 12-year absolute NNN lease with a 10% rental increase in years 6 & 11 and at the start of each extension option
  • Lease signed by tenant’s corporate entity – Heartland Dental, LLC
  • 2023 renovation which included new standing seam metal roof installation and resealed/restriped parking lot
  • Exposed to 54,887 vehicles per day in a dense, high-income area
  • Large 1.18 acre lot at signalized intersection
  • Heartland Dental’s 2024 revenue, reported to be in excess of $3B, makes it the largest dental support organization in the U.S.
  • Densely populated metro – 163,783 residents within a 5-mile radius of the subject property
Description:

A rare absolute NNN Heartland Dental with a 12-year base term lease featuring a 10% rental increase in Year 6, Year 11, and at the start of each of the four, 5-year options. The subject property features significant frontage at the signalized intersection of Summerlin Road and Boy Scout Drive (54,887 VPD) and is just down the street from Page Field Commons – a 350,000 SF shopping center with major national tenants including Sam’s Club, Trader Joe’s, Best Buy, Dick’s Sporting Goods, Marshalls, and Old Navy.

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Documents:
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HeartlandDental_FortMyersFL.pdf
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