Cape Coral, FL - Heartland Dental

Description:

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

• Located off the signalized, hard corner intersection of Pine Island Road and Chiquita Blvd
• Part of a larger retail development that features, ABC Fine Wine & Spirits, ALDI, and Goodwill
• Pine Island Road is a main retail and commuter thoroughfare serving much of Cape Coral and other areas of SW Florida
• The neighboring ALDI ranks in the 73rd percentile (631 out of 2,372) of all nationwide locations via Placer.ai
• The Walmart Neighborhood Market located in Pine Island Marketplace, just East of the subject site, ranks in the 87th percentile (87 out of 672) of all nationwide locations via Placer.ai
• Just South of The Hadley, a newly built 444-unit apartment complex on ~28-acres

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Listing ID: a28TP000001nN7lYAE