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ABSOLUTE NET DENTAL | 3% ANNUAL INCREASES 4225 Old Road 37 2,792 SF Office Building Lakeland, FL 33813 $1,925,463 CAD ($689.64 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Long Term Absolute Net Lease Featuring 3.00% Annual Rental Increases throughout the Initial Term and Two, 5-Year Extension Options.
- Frontline Dental Implant Specialists is a Dental Implant Partnership Network partnering with High Performing Implant Focused Practices Nationwide.
- Proximity to Lakeland Regional Health Medical Center - Located near Lakeland Regional Health, one of the Largest Medical Systems in Central Florida.
- Strategic Location in Rapidly Growing Lakeland, Florida - Located in South Lakeland along Old Road 37.
- Lakeland sits Directly between Tampa and Orlando, two of Florida’s Largest MSAs, providing Access to a Combined Regional Population.
- Densely Populated and Affluent Area: Average Household Income of $92k+ within a 3-Mile Radius and over 151k People Residing within 5-Miles.
Executive Summary
Frontline Dental Implant Specialists | Long Term Absolute Net Lease w/ 3% Annual Increases | World’s 1st Dental Implant Partnership Network | Strategic Location in Rapidly Growing Lakeland | Densely Populated and Affluent Area | Access to Major Transportation Arteries | Near Lakeland Regional Health Medical Center
Florida Broker of Record: Ryan Nee | 5900 N Andrews Ave., Ste. 100 Fort Lauderdale, FL 33309 | P: (954) 245-3400 | Lic #: BK3154667 | Ryan.Nee@MarcusMillichap.com | Marcus & Millichap Real Estate Investment Services of Florida, Inc.
Florida Broker of Record: Ryan Nee | 5900 N Andrews Ave., Ste. 100 Fort Lauderdale, FL 33309 | P: (954) 245-3400 | Lic #: BK3154667 | Ryan.Nee@MarcusMillichap.com | Marcus & Millichap Real Estate Investment Services of Florida, Inc.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
2,792 SF
Building Class
A
Year Built/Renovated
2000/2002
Price
$1,925,463 CAD
Price Per SF
$689.64 CAD
Cap Rate
6.25%
NOI
$120,342 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,792 SF
Building FAR
0.16
Lot Size
0.41 AC
Zoning
O-1 Office
Amenities
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Frontline Dental Implant Specialists
- Retailer
- 2,792 SF
- -
- Triple Net
- May 2037
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Frontline Dental Implant Specialists | Retailer | 2,792 SF | - | Triple Net | May 2037 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 23-29-01-000000-023050 | Improvements Assessment | $535,762 CAD |
| Land Assessment | $49,908 CAD | Total Assessment | $585,669 CAD |
Property Taxes
Parcel Number
23-29-01-000000-023050
Land Assessment
$49,908 CAD
Improvements Assessment
$535,762 CAD
Total Assessment
$585,669 CAD
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ABSOLUTE NET DENTAL | 3% ANNUAL INCREASES | 4225 Old Road 37
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