Heartland Dental | 5.75% Cap | 4898 Davis Blvd
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Heartland Dental | 5.75% Cap 4898 Davis Blvd
4,459 SF Retail Building Naples, FL 34104 $3,303,000 ($741/SF) 5.75% Cap Rate
Investment Highlights
- Publix Outparcel
- Naples, FL MSA
- Located on Highly Trafficked Retail Corridor
Executive Summary
Corporate Guarantee From Credit Worthy Tenant
- Heartland Dental is the largest dental support organization in the United States
- Over 1,700 locations
- 2022 Total Revenue was $1.2B
Kings Lake Square Outparcel
- A Publix anchored center (654K visits in trailing 12 months)
- Fully occupied 88k SF of shop space
Positioned on Highly Trafficked Retail Corridor
- Fronting Davis Blvd (27.5K AADT)
- Over 4,500 homes located in a 1-mile radius
- Over 2.8MSF of retail space within a 2-mile radius
- Recently Renovated Building in Tax Free State
- Building has been renovated and retrofitted to suit tenant’s needs
- State of Florida has 0% state income tax
Naples MSA
- Over 392K people live in the Naples MSA
- Naples is considered one of Florida’s wealthiest communities
- Naples MSA has grown over 19% over the last decade
Nearby Market Drivers
- Less than 1-mile from East Naples Middle School (903 students)
- Approximately 1.4 miles to Lorenzo Walker Technical College (1,480 students)
- Across the street from Foxfire Country Club (900 residences, 27 hole golf community)
- Heartland Dental is the largest dental support organization in the United States
- Over 1,700 locations
- 2022 Total Revenue was $1.2B
Kings Lake Square Outparcel
- A Publix anchored center (654K visits in trailing 12 months)
- Fully occupied 88k SF of shop space
Positioned on Highly Trafficked Retail Corridor
- Fronting Davis Blvd (27.5K AADT)
- Over 4,500 homes located in a 1-mile radius
- Over 2.8MSF of retail space within a 2-mile radius
- Recently Renovated Building in Tax Free State
- Building has been renovated and retrofitted to suit tenant’s needs
- State of Florida has 0% state income tax
Naples MSA
- Over 392K people live in the Naples MSA
- Naples is considered one of Florida’s wealthiest communities
- Naples MSA has grown over 19% over the last decade
Nearby Market Drivers
- Less than 1-mile from East Naples Middle School (903 students)
- Approximately 1.4 miles to Lorenzo Walker Technical College (1,480 students)
- Across the street from Foxfire Country Club (900 residences, 27 hole golf community)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,459 SF
Building Class
B
Year Built
1988
Price
$3,303,000
Price Per SF
$741
Cap Rate
5.75%
NOI
$189,840
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Land Acres
0.52 AC
Zoning
PUD
Parking
24 Spaces (5.38 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 52853320008 | Improvements Assessment | $509,077 |
| Land Assessment | $450,000 | Total Assessment | $959,077 |
PROPERTY TAXES
Parcel Number
52853320008
Land Assessment
$450,000
Improvements Assessment
$509,077
Total Assessment
$959,077
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David Hoppe -
Sam Young -
Ben Olmstead -
Atlantic Capital Partners
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Heartland Dental | 5.75% Cap | 4898 Davis Blvd
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