11965 Mezzo Dr - Retail FOR SALE


Venice, FL 34293- Venice/Englewood
$4,200,000 USD
980-498-3293
11965 Mezzo Dr, Venice, FL for Sale
$4,200,000 USD
Retail - FOR SALE
1/4
null | 5% Cap Rate

11965 Mezzo Dr
Venice, FL 34293
Venice/Englewood


HIGHLIGHTS

  • POSITIONED IN FAST GROWING MASTER-PLANNED COMMUNITIES
  • LARGEST DENTAL ORGANIZATION GUARANTY
  • FLORIDA TAX-FREE INCOME STATE

OVERVIEW

ABS. NNN LEASE STRUCTURE - One of the first Abs. NNN Heartland Dental lease formats - Zero landlord Responsibilities - 12 Year lease with four (4) five (5) year extensions - 10% Rental Increases every 5 years and in extensions LARGEST DENTAL ORGANIZATION GUARANTY - Heartland Dental is the largest dental support organization in the United States - Over 1,800 Locations - 2024 Total Revenue was over $3B POSITIONED IN FAST GROWING MASTER-PLANNED COMMUNITIES - Situated in Wellen Park, one of the top 10 fastest-selling master planned communities in the US - Community projected to reach 50,000+ residents at buildout - Adjacent to Costco and neighboring Publix, Starbucks, and McDonald’s EXCEPTIONAL DEMOGRAPHICS - North Port is among the fastest-growing cities in Florida - Population has increased 42% since 2010 - Average household income within 3 miles exceeds $125K and population exceeds 20,000 NEW CONSTRUCTION HEALTHCARE FACILITY - New construction delivered to Heartland Dentals latest prototype - Tenant invested significant capital into specialized infrastructure - Heartland is focused on nationwide expansion program in high-growth Sunbelt markets FLORIDA TAX-FREE INCOME STATE - Located in a State with no personal income tax - Top destination for high income households - The regions population aged 45+ has grown 35% since 2010 fueling healthcare demand

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$933 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,469 SF

ZONING

-

APN/PARCEL ID

0785-11-0100

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.