Log In/Sign Up
Your email has been sent.
Heartland Dental - New Port Richey, FL 5242 Little Rd 5,067 SF Office Building New Port Richey, FL 34655 $3,154,995 CAD ($622.66 CAD/SF) 6.25% Cap Rate
Investment Highlights
- NATION’S LARGEST DENTAL SUPPORT ORGANIZATION
- PASCO COUNTY - HIGH-GROWTH TAMPA BAY SUBURB
- STRONG RETAIL NODE WITH STRONG CO-TENANCY
- INDUSTRY-LEADING SCALE & MARKET POSITION
- ESTABLISHED, DENSE RESIDENTIAL TRADE AREA
- LONG-TERM CORPORATE-GUARANTEED INCOME
Executive Summary
Atlantic Capital Partners has been exclusively engaged to offer for sale Heartland Dental, a 5,067-square-foot net leased medical asset located at 5242 Little Road in New Port Richey, Florida. The property is leased to Heartland Dental, LLC, the nation’s largest dental support organization, under a corporate-guaranteed NN lease with approximately 6.2 years of remaining primary term. The lease features attractive 10% rental increases every five years throughout the primary term and renewal options,
providing investors with contractual income growth and long-term cash flow visibility.
Constructed in 1999 as a purpose-built dental facility, the property occupies a highly visible position along Little Road, one of Pasco County’s primary commercial corridors
carrying approximately 40,000 vehicles per day. The asset benefits from strong surrounding retail fundamentals, including nearby Publix, Starbucks, McDonald’s, Circle K, Truist, and numerous national retailers that drive consistent consumer traffic to the corridor.
Located approximately 35 miles northwest of Tampa, New Port Richey is among the fastest-growing communities within the Tampa Bay MSA and serves as a major residential and service hub for Pasco County. Supported by sustained population growth, continued residential development, and increasing in-migration from higher-cost coastal markets, Heartland Dental offers investors the opportunity to acquire a well-located healthcare asset leased to an industry-leading operator in one of Florida’s strongest
suburban growth markets.
providing investors with contractual income growth and long-term cash flow visibility.
Constructed in 1999 as a purpose-built dental facility, the property occupies a highly visible position along Little Road, one of Pasco County’s primary commercial corridors
carrying approximately 40,000 vehicles per day. The asset benefits from strong surrounding retail fundamentals, including nearby Publix, Starbucks, McDonald’s, Circle K, Truist, and numerous national retailers that drive consistent consumer traffic to the corridor.
Located approximately 35 miles northwest of Tampa, New Port Richey is among the fastest-growing communities within the Tampa Bay MSA and serves as a major residential and service hub for Pasco County. Supported by sustained population growth, continued residential development, and increasing in-migration from higher-cost coastal markets, Heartland Dental offers investors the opportunity to acquire a well-located healthcare asset leased to an industry-leading operator in one of Florida’s strongest
suburban growth markets.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Medical
Building Size
5,067 SF
Building Class
B
Year Built
1999
Price
$3,154,995 CAD
Price Per SF
$622.66 CAD
Cap Rate
6.25%
NOI
$197,187 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,067 SF
Building FAR
0.09
Lot Size
1.24 AC
Zoning
C2
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Heartland Dental
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Heartland Dental | - | - | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 11-26-16-0020-03400-0030 | Improvements Assessment | $738,651 CAD |
| Land Assessment | $1,337,228 CAD | Total Assessment | $2,075,878 CAD |
Property Taxes
Parcel Number
11-26-16-0020-03400-0030
Land Assessment
$1,337,228 CAD
Improvements Assessment
$738,651 CAD
Total Assessment
$2,075,878 CAD
Contacts
-
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben Olmstead -
Kendra Doherty -
Atlantic Capital Partners
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Heartland Dental - New Port Richey, FL | 5242 Little Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.