Heartland Dental | 1297 S Tamiami Trl
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Heartland Dental 1297 S Tamiami Trl
4,500 SF Office Building Osprey, FL 34229 £2,050,611 (£456/SF) 5.90% Net Initial Yield
Investment Highlights
- Located on Major Retail Corridor
- Attractive Lease Fundamentals
- Corporate Guarantee from Strong Credit Tenant
Executive Summary
LOCATED IN A MAJOR RETAIL CORRIDOR
- 280k SF of retail space located in a one mile radius
- Nearby retailers include - Publix, Ace Hardware, and Walmart Supercenter
- Positioned along busy US-41/Tamiami Trail with more than 40k vehicles per day
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
HIGH GROWTH SARASOTA MSA
- The Sarasota MSA was the fastest growing region in the United States for the period of 2023-2024
- From 2021 - 2022 population grew by 2.2% in Sarasota, FL, while the median household income increased by almost 5%
ATTRACTIVE LEASE FUNDAMENTALS
- NN Lease Provides Minimal Landlord Responsibilities
- Corporate Guaranty by Heartland Dental
- 10% Rental Increases every 5 years, including option periods
AFFLUENT CONSUMER BASE IN IMMEDIATE AREA
- Located directly in front of Pine View School ~2,000 students
- More than 2,000 homes in a one mile radius and over 10,500 homes in a 3 mile radius
- High average household income at $161,088
NEW CONSTRUCTION
- The Building has recently been built to suit the tenant’s need
- Transferable warranties in place
- 280k SF of retail space located in a one mile radius
- Nearby retailers include - Publix, Ace Hardware, and Walmart Supercenter
- Positioned along busy US-41/Tamiami Trail with more than 40k vehicles per day
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
HIGH GROWTH SARASOTA MSA
- The Sarasota MSA was the fastest growing region in the United States for the period of 2023-2024
- From 2021 - 2022 population grew by 2.2% in Sarasota, FL, while the median household income increased by almost 5%
ATTRACTIVE LEASE FUNDAMENTALS
- NN Lease Provides Minimal Landlord Responsibilities
- Corporate Guaranty by Heartland Dental
- 10% Rental Increases every 5 years, including option periods
AFFLUENT CONSUMER BASE IN IMMEDIATE AREA
- Located directly in front of Pine View School ~2,000 students
- More than 2,000 homes in a one mile radius and over 10,500 homes in a 3 mile radius
- High average household income at $161,088
NEW CONSTRUCTION
- The Building has recently been built to suit the tenant’s need
- Transferable warranties in place
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
4,500 SF
Building Class
A
Year Built
2022
Price
£2,050,611
Price Per SF
£456
Net Initial Yield
5.90%
NOI
£121,001
Tenancy
Single
Number of Floors
1
Typical Floor Size
4,260 SF
Building FAR
0.14
Land Acres
0.75 AC
Zoning
CG
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PROPERTY TAXES
| Parcel Number | 0155-05-0110 | Improvements Assessment | £697,318 |
| Land Assessment | £461,013 | Total Assessment | £1,158,331 |
PROPERTY TAXES
Parcel Number
0155-05-0110
Land Assessment
£461,013
Improvements Assessment
£697,318
Total Assessment
£1,158,331
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David Hoppe -
Ben Olmstead -
Atlantic Capital Partners
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Heartland Dental | 1297 S Tamiami Trl
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