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Longwood Family Dentistry 2127 W State Road 434 6,906 SF Office Building Longwood, FL 32779 $4,399,940 CAD ($637.12 CAD/SF) 5.15% Cap Rate
INVESTMENT HIGHLIGHTS
- HIGH GROWTH ORLANDO MSA
- RARE LEASE STRUCTURE
- CORPORATE GUARANTEE FROM CREDIT WORTHY TENANT
EXECUTIVE SUMMARY
RARE LEASE STRUCTURE
- One of the first Abs. NNN Leased Heartland Dentals
- Corporate Guaranty by Heartland Dental
- 10% Rental Increases every 5 years, including option periods
CORPORATE GUARANTEE FROM CREDIT WORTHY TENANT
- Heartland Dental is the largest dental support organization in the United States
- Over 1,800 Locations
- 2023 Total Revenue over $3B
RECENTLY RENOVATED BUILDING
- The Building has been renovated and retrofitted to suit tenant’s needs
- New roof was installed
- Transferable warranties in place
POSITIONED ON HIGH TRAFFICKED RETAIL CORRIDOR
- Located on State Road 434 (30,000 VPD) and near I-4 (131,500 VPD)
- Over 615K SF of retail space within a 1-mile radius
- Nearby Retailers include: LA Fitness, Publix, Starbucks, Truist, Burger King, etc
HIGH GROWTH ORLANDO MSA
- Orlando, FL region is projected to add more than 1,500 people every week for the next 11 years
- Orlando was the 2nd fastest growing metro from 2022 to 2023
- 2.1% forecasted employment growth for 2024 (1.4% National Avg.)
- One of the first Abs. NNN Leased Heartland Dentals
- Corporate Guaranty by Heartland Dental
- 10% Rental Increases every 5 years, including option periods
CORPORATE GUARANTEE FROM CREDIT WORTHY TENANT
- Heartland Dental is the largest dental support organization in the United States
- Over 1,800 Locations
- 2023 Total Revenue over $3B
RECENTLY RENOVATED BUILDING
- The Building has been renovated and retrofitted to suit tenant’s needs
- New roof was installed
- Transferable warranties in place
POSITIONED ON HIGH TRAFFICKED RETAIL CORRIDOR
- Located on State Road 434 (30,000 VPD) and near I-4 (131,500 VPD)
- Over 615K SF of retail space within a 1-mile radius
- Nearby Retailers include: LA Fitness, Publix, Starbucks, Truist, Burger King, etc
HIGH GROWTH ORLANDO MSA
- Orlando, FL region is projected to add more than 1,500 people every week for the next 11 years
- Orlando was the 2nd fastest growing metro from 2022 to 2023
- 2.1% forecasted employment growth for 2024 (1.4% National Avg.)
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
6,906 SF
Building Class
B
Year Built
2022
Price
$4,399,940 CAD
Price Per SF
$637.12 CAD
Cap Rate
5.15%
NOI
$226,575 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,906 SF
Building FAR
0.23
Lot Size
0.69 AC
Zoning
PUD
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Heartland Dental
- Administrative and Support Services
- 5,826 SF
- -
- Triple Net
- Feb 2035
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Heartland Dental | Administrative and Support Services | 5,826 SF | - | Triple Net | Feb 2035 |
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PROPERTY TAXES
| Parcel Number | 02-21-29-300-006D-0000 | Improvements Assessment | $864,142 CAD |
| Land Assessment | $728,655 CAD | Total Assessment | $1,592,797 CAD |
PROPERTY TAXES
Parcel Number
02-21-29-300-006D-0000
Land Assessment
$728,655 CAD
Improvements Assessment
$864,142 CAD
Total Assessment
$1,592,797 CAD
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Longwood Family Dentistry | 2127 W State Road 434
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