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Heartland Dental

$2,924,000

1200 East Irlo Bronson Memorial Highway, St. Cloud, FL 34771

Active
Last Updated: 03/12/2025

5.85

Cap Rate

171,054

NOI

Details:
Cap Rate:    5.85%
NOI:    $171,054
Building Size:    3,833 sqft
Lot Area:    1.14 acres
Lease Type:    Triple Net
Tenancy:    Single
Parking Spots:    26
Highlights:
  • Corporate net lease featuring 10% rental increases every 5 years
  • Lease signed by tenant’s corporate entity – Heartland Dental, LLC
  • Premier retail fundamentals – hard corner signalized intersection with 45,000+ vehicles per day in a dense, high income area
  • Tenant pays all common area maintenance directly
  • Large 1.14 acre lot
  • Heartland Dental’s 2022 revenue totaled $1.2B making it the largest dental support organization in the US
  • 201,894 residents within a 10-mile radius of the subject property
  • Just 4 miles from Hanover Lakes by Landsea Homes – a 409-home development strategically located for its proximity to Walt Disney World, Universal Studios, and SeaWorld
  • Nearby national retailers driving traffic to the trade area include ALDI, Publix, McDonald’s, and Starbucks
Description:

A corporate Heartland Dental lease featuring 10% rental increases every 5 years and four, 5-year extension options with the same increases. The subject property benefits from the sprawling residential population of St. Cloud due to recent developments such Hanover Lakes by Landsea Homes, a 409-home development strategically located for its proximity to Walt Disney World, Universal Studios, and SeaWorld.

Map:
Documents:
Title
HeartlandDental_StCloudFL.pdf
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Location
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