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Heartland Dental 1200 E Irlo Bronson Memorial Hwy

3,833 SF Retail Building Saint Cloud, FL 34771 £2,255,310 (£588.39/SF) 5.85% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Corporate net lease featuring 10% rental increases every 5 years
  • Premier retail fundamentals – hard corner signalized intersection with 45,000+ vehicles per day in a dense, high income area
  • Large 1.14 acre lot
  • Lease signed by tenant’s corporate entity – Heartland Dental, LLC
  • Tenant pays all common area maintenance directly
  • 201,894 residents within a 10-mile radius of the subject property

EXECUTIVE SUMMARY

A corporate Heartland Dental lease featuring 10% rental increases every 5 years and four, 5-year extension options with the same increases. The subject property benefits from the sprawling residential population of St. Cloud due to recent developments such Hanover Lakes by Landsea Homes, a 409-home development strategically located for its proximity to Walt Disney World, Universal Studios, and SeaWorld.

ATTACHMENTS

HeartlandDental_StCloudFL

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,833 SF
Building Class
B
Year Built
2005
Price
£2,255,310
Price Per SF
£588.39
Net Initial Yield
5.85%
NOI
£131,936
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Lot Size
1.14 AC
Zoning
SI3
Parking
21 Spaces (5.2 Spaces per 1,000 SF Leased)
Frontage
29 ft on East Irlo Bronson Memoria
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1200 E Irlo Bronson Memorial Hwy, Saint Cloud, FL - AERIAL map view

NEARBY MAJOR RETAILERS

Truist
Crossfit
South State Bank
Winn-Dixie
Publix

PROPERTY TAXES

Parcel Number 07-26-31-0605-0001-0015 Improvements Assessment £428,589
Land Assessment £621,175 Total Assessment £1,049,764

PROPERTY TAXES

Parcel Number
07-26-31-0605-0001-0015
Land Assessment
£621,175
Improvements Assessment
£428,589
Total Assessment
£1,049,764
(650) 678-7200

CONTACTS

  • Listing ID: 33220648

  • Date on Market: 18/09/2024

  • Last Updated:

  • Address: 1200 E Irlo Bronson Memorial Hwy, Saint Cloud, FL 34771

The Retail Property at 1200 E Irlo Bronson Memorial Hwy, Saint Cloud, FL 34771 is currently available for sale. Contact CP Partners CRE for more information.

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Heartland Dental | 1200 E Irlo Bronson Memorial Hwy
(650) 678-7200 x

Heartland Dental | 1200 E Irlo Bronson Memorial Hwy

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John Andreini

(650) 678-7200

(650) 678-7200

Kirby Dederian

(415) 274-2700

(415) 274-2700

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