10616 SW Village Pky - Storefront Retail/Office FOR SALE


Port Saint Lucie, FL 34987- Tradition
$4,099,000 USD
980-498-3293
10616 SW Village Pky, Port Saint Lucie, FL for Sale
$4,099,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | 5% Cap Rate

10616 SW Village Pky
Port Saint Lucie, FL 34987
Tradition


HIGHLIGHTS

  • LARGEST DENTAL ORGANIZATION GUARANTY
  • NEARBY MEDICAL CENTER
  • OUTPARCEL TO TOP PERFORMING CENTER

OVERVIEW

RARE LEASE STRUCTURE - One of the first Abs. NNN Leased Heartland Dentals - Zero landlord responsibilities - 12 Years lease with four (4) five (5) year extensions - 10% rental Increases every 5 years and in option periods LARGEST DENTAL ORGANIZATION GUARANTY - Heartland Dental is the largest dental support organization in the United States - Over 1,800 Locations - 2023 Total Revenue was $3B OUTPARCEL TO TOP PERFORMING CENTER - Site is positioned in front of the Landing at Tradition Shopping Mall - a 651K SF Power Center - This shopping center has a 0% vacancy rate according to Costar. com - Shopping Center Anchor tenants include: Burlington, T.J. Maxx, Target, and more NEW CONSTRUCTION - The Building has recently been built to suit the tenant’s specifications - Tenant has paid to add specific capital improvements to enhance operational performance LOCATED IN DENSE RETAIL NODE - Within a 1-mile radius of the site there is more than 1.1M SF of retail space - Vacancy rate for that 1-mile radius around the site is 0% - Nearby National Retail Tenants Include: Target, Walmart Supercenter, The Home Depot, Bass Pro Shops, and much more NEARBY MEDICAL CENTER - Just 1.1 miles from the site is the 201,000 SF 90 bed Tradition Medical Center - The Hospital was built in 2013 and expanded in 2017 employs more than 3,000 employees with a strong economic impact in the community

FOR SALE DETAILS

PRICE

$4,099,000 USD

PRICE/SF

$947 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,414 SF

ZONING

C-2

APN/PARCEL ID

43-10-602-0007-0001

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 Policy.