Tavares, FL - Heartland Dental

Description:

• The tenant has 11 years remaining on a 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
• Founded in 1997, Heartland Dental is the nation’s largest dental support organization with over 1,800 offices and 3,000 doctors

• The asset is an outparcel to the newly built Tavares Crossroads shopping center, anchored by Publix, and features other tenants such as Starbucks, Great Clips, AT&T, and more
• Fronting US-19 (35,000 VPD), a primary retail and commuter thoroughfare serving the West coast of Florida
• The surrounding retailers include McDonald’s, Circle K, Popeyes, and more
• There are several new home developments underway in Tavares such as Avalon Park (D.R. Horton), Leela Reserve (Park Square Homes), Cresswind at Lake Harris (Kolter), Seaport Village (Dream Finders Homes), and more