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Heartland Dental 15239 Southern Blvd 4,260 SF 4-Star Retail Building Loxahatchee, FL 33470 $5,741,610 CAD ($1,347.80 CAD/SF) 5% Cap Rate
Investment Highlights
- LARGEST DENTAL ORGANIZATION GUARANTY
- NEW CONSTRUCTION APPEAL
- HIGH -INCOME DEMOGRAPHICS AHHI
Executive Summary
ABS. NNN LEASE STRUCTURE
- One of the first Abs. NNN Heartland Dental lease formats
- Zero landlord Responsibilities
- 12 Year lease with four (4) five (5) year extensions
- 10% Rental Increases every 5 years and in extensions
LARGEST DENTAL ORGANIZATION GUARANTY
- Heartland Dental is the largest dental support organization in the United States
- Over 1,800 Locations
- 2024 Total Revenue was over $3B
TIGHT RETAIL SUPPLY & RISING RENTAL RATES
- Within 1-mile radius of the site, vacancy rate sits at 0.7% and countywide Q2 2025 data shows a 4% retail vacancy rate
- Asking rates average YoY growth is at 2.1%
- Under 2M SF in retail construction pipeline
- Investors will have negotiating power in lease renewals
HIGH -INCOME DEMOGRAPHICS AHHI
- Exceeds $200K in a 1-mile radius providing high discretionary income
- Palm Beach County posts a median income of $84,789 as of 2023 which is 13% higher than the Florida state average
- AAHI is $129,312 with over 600,000 households in the county in 2023
NEW CONSTRUCTION APPEAL
- Palm Beach County is investing over $140 million in roadway improvements along the Southern Blvd corridor
- Less than 1-mile SR-80s main arterial connecting both Florida Turnpike and I-95
- Regional population growth of 1.8% annually has prompted Westlake and Arden master-planned communities (combined adding 7,500 homes within a 10-mile radius)
WEST PALM BEACH-BOCA RATON-DELRAY BEACH MSA
- WPB’s population growth is fueled by net migration from high-cost states
- Rolling 12-month retail investment sales volume exceeds $965 million
- Net in-migration and demographic tailwinds driven by high-income households and relocating professionals
- One of the first Abs. NNN Heartland Dental lease formats
- Zero landlord Responsibilities
- 12 Year lease with four (4) five (5) year extensions
- 10% Rental Increases every 5 years and in extensions
LARGEST DENTAL ORGANIZATION GUARANTY
- Heartland Dental is the largest dental support organization in the United States
- Over 1,800 Locations
- 2024 Total Revenue was over $3B
TIGHT RETAIL SUPPLY & RISING RENTAL RATES
- Within 1-mile radius of the site, vacancy rate sits at 0.7% and countywide Q2 2025 data shows a 4% retail vacancy rate
- Asking rates average YoY growth is at 2.1%
- Under 2M SF in retail construction pipeline
- Investors will have negotiating power in lease renewals
HIGH -INCOME DEMOGRAPHICS AHHI
- Exceeds $200K in a 1-mile radius providing high discretionary income
- Palm Beach County posts a median income of $84,789 as of 2023 which is 13% higher than the Florida state average
- AAHI is $129,312 with over 600,000 households in the county in 2023
NEW CONSTRUCTION APPEAL
- Palm Beach County is investing over $140 million in roadway improvements along the Southern Blvd corridor
- Less than 1-mile SR-80s main arterial connecting both Florida Turnpike and I-95
- Regional population growth of 1.8% annually has prompted Westlake and Arden master-planned communities (combined adding 7,500 homes within a 10-mile radius)
WEST PALM BEACH-BOCA RATON-DELRAY BEACH MSA
- WPB’s population growth is fueled by net migration from high-cost states
- Rolling 12-month retail investment sales volume exceeds $965 million
- Net in-migration and demographic tailwinds driven by high-income households and relocating professionals
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
4,260 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$5,741,610 CAD
Price Per SF
$1,347.80 CAD
Cap Rate
5%
NOI
$287,081 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.99 AC
Frontage
755’ on Tangerine Drive
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Heartland Dental
- Health Care and Social Assistance
- 4,260 SF
- -
- Dec 2037
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Heartland Dental | Health Care and Social Assistance | 4,260 SF | - | Dec 2037 |
Property Taxes
| Parcel Number | 41-41-43-31-13-002-0030 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $146,515 CAD |
Property Taxes
Parcel Number
41-41-43-31-13-002-0030
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$146,515 CAD
Contacts
-
David Hoppe -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
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Heartland Dental | 15239 Southern Blvd
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