1986 FL-19 - Freestanding FOR SALE


Tavares, FL 32778
$4,045,000 USD
813-434-8278
1986 FL-19, Tavares, FL for Sale
$4,045,000 USD
Freestanding - FOR SALE
1/8
null | 5% Cap Rate

1986 FL-19
Tavares, FL 32778


HIGHLIGHTS

  • 11 Years Remaining | Scheduled Rental Increases | Corporate Signed Lease | Well-Known & Established Brand
  • Absolute NNN | Fee Simple Ownership | No State Income Tax | Zero Landlord Responsibilities
  • Tavares Crossroads Outparcel | Surrounding Retailers | Fronting US-19 | Tavares - New Home Developments
  • Demographics & 5-Mile Trade Area | Proximity to Orlando

OVERVIEW

• The tenant has 11 years remaining on a 12-year lease with 4 (5-year) option periods to extend, demonstrating their commitment to the site • The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation • The lease is signed by the corporate entity • Founded in 1997, Heartland Dental is the nation’s largest dental support organization with over 1,800 offices and 3,000 doctors

FOR SALE DETAILS

PRICE

$4,045,000 USD

PRICE/SF

$935 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental - Orlando MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

C-2

APN/PARCEL ID

06-20-26-1000-000-00500

ASK ABOUT THIS PROPERTY

William WambleSRS Real Estate PartnersMore Info
813-434-8278

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William WambleSRS Real Estate PartnersMore Info
813-434-8278

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