5170 Dave Robbins Way - Medical FOR SALE


Lakeland, FL 33812- Southwest Polk
$2,929,000 USD
980-498-3293
5170 Dave Robbins Way, Lakeland, FL for Sale
$2,929,000 USD
Medical - FOR SALE
1/4
null | 6.5% Cap Rate

5170 Dave Robbins Way
Lakeland, FL 33812
Southwest Polk


HIGHLIGHTS

  • NATION’S LARGEST DENTAL SUPPORT ORGANIZATION
  • INDUSTRY-LEADING SCALE & MARKET POSITION
  • FLORIDA’S HIGH-GROWTH I-4 CORRIDOR
  • RAPID RESIDENTIAL EXPANSION
  • PURPOSE-BUILT DENTAL FACILITY
  • POLK COUNTY - ONE OF FLORIDA’S FASTEST-GROWING COUNTIES

OVERVIEW

Atlantic Capital Partners has been exclusively engaged to offer for sale Heartland Dental, a 4,290-square-foot net-leased medical asset located at 5170 Dave Robbins Way in Lakeland, Florida. The property is leased to Heartland Dental, LLC, the nation’s largest dental support organization, under a corporate-guaranteed NN lease with approximately 6.2 years of remaining primary term. The lease features attractive 10% rental increases every five years throughout the primary term and renewal options, providing investors with contractual income growth and long-term cash flow visibility. Constructed in 2019 as a purpose-built dental facility, the property occupies a highly visible position along Bartow Road (US-98), which carries approximately 45,200 vehicles per day and serves as one of Southeast Lakeland’s primary commercial corridors. The asset benefits from strong surrounding retail fundamentals, including nearby Publix, Verizon, IHOP, Advance Auto Parts, Mid-Florida Credit Union, and numerous national retailers that drive consistent consumer traffic to the corridor. Located approximately 41 miles east of Tampa and 58 miles southwest of Orlando, Lakeland is one of the fastest-growing cities in Central Florida and serves as a major logistics, healthcare, and commercial hub along the I-4 corridor. Supported by sustained population growth, continued residential development, and a diverse employment base anchored by Publix Super Markets, Lakeland Regional Health, Amazon, and GEICO, Heartland Dental offers investors the opportunity to acquire a well-located healthcare asset leased to an industry-leading operator in one of Florida’s strongest growth markets.

FOR SALE DETAILS

PRICE

$2,929,000 USD

PRICE/SF

$692 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental - Lakeland, FL

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

-

APN/PARCEL ID

24-29-11-281017-000010

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.