40214 US-27 - Storefront FOR SALE


Davenport, FL 33837- North Polk
$4,200,000 USD
980-498-3293
40214 US-27, Davenport, FL for Sale
$4,200,000 USD
Storefront - FOR SALE
1/5
null | 5% Cap Rate

40214 US-27
Davenport, FL 33837
North Polk


HIGHLIGHTS

  • LARGEST DENTAL ORGANIZATION GUARANTY
  • HIGH GROWTH FLORIDA MARKET
  • NEW CONSTRUCTION

OVERVIEW

RARE 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 - 2023 Total Revenue was $3B STRONG TRAFFIC AND ACCESSIBILITY - Located on the soft corner of a high trafficked intersection of US Hwy 27 (74k VPD) and Park Place Blvd and Holly Hill Fruit Rd - Multiple points of ingress and egress with dedicated left Turn lane north bound on US Hwy 27 ADJACENT TO REGIONAL HOSPITAL - Positioned next door to AdventHealth Heart of Florida - The Heart of Florida Location has over 200 beds - Across the AdventHealth Central Florida division, over 3.4 Million patients are served annually 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 - Warranties in Place HIGH GROWTH FLORIDA MARKET - Between 2018 and May 2023, Davenport, FL has experienced a 163% growth from 5,328 to more than 14K people - Over 200 apartment units have delivered in the past year with another 360 under construction

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$1,000 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

-

APN/PARCEL ID

27-26-31-708500-010090

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.