Heartland Dental - Abs. NNN 765 FL-559 4,260 SF 100% Leased Office Building Auburndale, FL 33823 $3,930,040 ($922.54/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 12-Year Absolute NNN Lease with Corporate Guaranty by Heartland Dental
- New High-Quality 2024 Construction
- Households and Population Projected to Increase Over 9% in the Surrounding Area Over the Next 5 Years
- 10% Rental Increases Every 5 Years with Multiple Renewal Options
- 90,417 Residents in a 5-Mile Radius - Growing Trade Area in the Lakeland-Orlando MSA
- Outparcel to Publix Super Market, Adjacent to Taco Bell
EXECUTIVE SUMMARY
Heartland Dental operates as a dental practice management organization with headquarters in Effingham, Illinois. It provides support through continuing education; and management services, such as staffing, human relations, purchasing, administration, financial, marketing and information technology support.
Auburndale is located in Polk County, Florida, home to over 20,000 residents. The city is 40 miles northeast of Tampa and 59 miles southwest of Orlando.
Auburndale is located in Polk County, Florida, home to over 20,000 residents. The city is 40 miles northeast of Tampa and 59 miles southwest of Orlando.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
4,260 SF
Year Built
2024
Price
$3,930,040
Price Per SF
$922.54
Cap Rate
5%
NOI
$196,502
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
4,260 SF
Building FAR
0.10
Lot Size
1.00 AC
1 of 1
PROPERTY TAXES
| Parcel Number | 25-27-10-997000-000030 | Improvements Assessment | $0 |
| Land Assessment | $502,895 | Total Assessment | $502,895 |
