10021 Burnt Store Rd - Retail FOR SALE


Punta Gorda, FL 33950
$4,365,000 USD
980-498-3293
10021 Burnt Store Rd, Punta Gorda, FL for Sale
$4,365,000 USD
Retail - FOR SALE
1/5
null | 5.1% Cap Rate

10021 Burnt Store Rd
Punta Gorda, FL 33950


HIGHLIGHTS

  • Prime Corner Location
  • Essential Use - Healthcare
  • Attractive Lease Fundamentals

OVERVIEW

?PRIME CORNER LOCATION - US-41 & BURNT STORE ROAD - Strategically positioned at the signalized intersection of US-41 (Tamiami Trail) and Burnt Store Road in Punta Gorda, FL - Site is part of Burnt Store Square, a major retail node in Charlotte County - US-41 is the primary commercial corridor serving Punta Gorda and surrounding communities. ?HIGH GROWTH SOUTHWEST FLORIDA MARKET - Punta Gorda/Charlotte County is among the fastest-growing markets in Florida and the United States | Southwest Florida continues to attract retirees and new residents driving demand for healthcare and dental services - Punta Gorda MSA has seen consistent population growth fueled by in-migration from northern states. ?ESSENTIAL USE — HEALTHCARE/DENTAL SERVICES - Dental services are among the most recession-resilient essential service categories - Heartland Dental serves the full spectrum of dental patient care including general dentistry, orthodontics, endodontics, oral surgery, and more - Dental DSOs continue to expand in high-growth retirement and suburban markets. ?CORPORATE GUARANTEE FROM HEARTLAND DENTAL, LLC Heartland Dental is the largest dental support organization in the United States - Over 1,800 supported locations across 38 states - Majority owned by KKR, a leading global investment firm - Based in Effingham, IL with over 2,400 supported dentists and 10,000+ team members nationwide. ?BRAND NEW CONSTRUCTION - Purpose-built, brand new construction developed specifically for Heartland Dental - ~4,260 SF freestanding building on 0.723 acres - All warranties transferable to new owner - New construction minimizes near-term capital expenditure requirements. ?ATTRACTIVE LEASE FUNDAMENTALS - Absolute NNN providing zero landlord responsibilities - 12-Year initial lease term with four (4) five-year (5) renewal options - ~10% rental increases in Year 6, Year 11, and each renewal option - $100,000 tenant improvement allowance provided by landlord.

FOR SALE DETAILS

PRICE

$4,365,000 USD

PRICE/SF

$1,025 USD /SF

CAP RATE

5.1%

% LEASED

-

TENANCY

Single

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental | Punta Gorda, FL

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

C

APN/PARCEL ID

412320477004

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.