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Heartland Dental 1701 Boy Scout Dr 3,961 SF Office Building Fort Myers, FL 33907 $4,626,097 CAD ($1,167.91 CAD/SF) 5.15% Cap Rate
Investment Highlights
- Brand-new 12-year absolute NNN lease with a 10% rental increase in years 6 & 11 and at the start of each extension option
- Lease signed by tenant’s corporate entity – Heartland Dental, LLC
- Hard corner signalized intersection with 54K vehicles per day in very dense high-income area
- 2028 cap rate - 5.67%
- Newly renovated with significant monies invested into the interior, equipment, new roof, parking lot, etc.
- Large 1.18 acre lot at signalized intersection
Executive Summary
A rare absolute NNN Heartland Dental with a 12-year base term lease featuring a 10% rental increase in Year 6, Year 11, and at the start of each of the four, 5-year options. The subject property features significant frontage at the signalized intersection of Summerlin Road and Boy Scout Drive (54,887 VPD) and is just down the street from Page Field Commons – a 350,000 SF shopping center with major national tenants including Sam’s Club, Trader Joe’s, Best Buy, Dick’s Sporting Goods, Marshalls, and Old Navy.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
3,961 SF
Building Class
C
Year Built/Renovated
1999/2023
Price
$4,626,097 CAD
Price Per SF
$1,167.91 CAD
Cap Rate
5.15%
NOI
$238,255 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,961 SF
Building FAR
0.08
Lot Size
1.18 AC
Zoning
CI - Commercial Intensive
Bike Score®
Very Bikeable (74)
Property Taxes
| Parcel Number | 11-45-24-P2-02800.0030 | Improvements Assessment | $392,617 CAD |
| Land Assessment | $1,054,016 CAD | Total Assessment | $1,479,241 CAD |
Property Taxes
Parcel Number
11-45-24-P2-02800.0030
Land Assessment
$1,054,016 CAD
Improvements Assessment
$392,617 CAD
Total Assessment
$1,479,241 CAD
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Heartland Dental | 1701 Boy Scout Dr
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