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