Ocala, FL - Heartland Dental

Description:

• The tenant recently signed a brand new 10-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

• Heartland Dental is next to the Shops at Foxwood, a neighborhood center anchored by Publix
• The Publix ranks in the 75th percentile of all nationwide locations according to Placer.ai (325 out of 1,323)
• Ideally located 1.1 mile West off Interstate 75 (90,000 VPD), allowing users to benefit from on/off ramp access to the subject property and surrounding trade areas
• Just West of the newly built UF Health Ocala Neighborhood Hospital, providing a direct consumer base from which to draw
• There are a handful of nearby fulfillment centers including Amazon, Chewy, FedEx, and more