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