8805 Ivanhoe Dr - Freestanding FOR SALE


Melbourne, FL 32940- Suburban Melbourne
$4,950,000 USD
980-498-3293
8805 Ivanhoe Dr, Melbourne, FL for Sale
$4,950,000 USD
Freestanding - FOR SALE
1/5
null | 5% Cap Rate

8805 Ivanhoe Dr
Melbourne, FL 32940
Suburban Melbourne


HIGHLIGHTS

  • POSITIONED IN A DENSE RETAIL NODE | OUTPARCEL TO PUBLIX CENTER
  • RARE LEASE STRUCTURE
  • LARGEST DENTAL ORGANIZATION GUARANTY

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 - 2024 Total Revenue was over $3B POSITIONED IN A DENSE RETAIL NODE | OUTPARCEL TO PUBLIX CENTER - Surrounding the Heartland Dental within a 1-mile radius is more than 800K SF of retail space - The site is also an outparcel to the Addison Center Shopping Mall - The mall is anchored by a Publix Supermarket and other outparcels include: Fifth Third Bank, Great Clips, and more CLOSE PROXIMITY TO HEALTH FIRST’S VIERA HOSPITAL - Site is located 0.5 Miles from the Health First’s Viera Hospital - This 5 story hospital has just under 100 beds with 98 staffed beds in the facility - The total patient revenue for 2024 was just over $1 Billion dollars 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 AFFLUENT AREA WITH NEARBY MARKET DRIVERS - Within a 1-mile radius of the site the Average Household Income exceeds $150K - Positioned across the street from Heartland Dental is the Pinecrest Academy Space Coast - This School has over 675 students with 50 full-time employees - East of the site is Quest Elementary School with around 700 students - The vast amount of students in the area creates a stable built in customer base for the dentist

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$902 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

-

APN/PARCEL ID

26-36-16-33-0000B.0-0005.00

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.