RARE LEASE STRUCTURE
- One of the first Abs. NNN Leased Heartland Dentals
- Zero landlord responsibilities
- 12 Years lease with four (4) five (5) year extensions
- 10% rental Increases every 5 years and in option periods
LARGEST DENTAL ORGANIZATION GUARANTY
- Heartland Dental is the largest dental support organization in the United States
- Over 1,800 Locations
- 2023 Total Revenue was $3B
OUTPARCEL TO TOP PERFORMING CENTER
- Property is located on an outparcel to Lake Underhill Road Shopping Center, a BJ’s & Lowe’s Home Improvement anchored shopping center with over 2.9M visits a year
RECENT RENOVATION
- The Building has recently been converted to suit the tenant’s specifications
- Tenant has paid to add specific capital improvements to enhance operational performance
HIGH TRAFFICKED RETAIL CORRIDOR
- Fronting Lake Underhill Rd (22,500 VPD) and a quarter mile to Alafaya trail (58.5K VPD)
- Over 2.6M SF of retail space within a 1-mile radius boasting a 1.2% vacancy rate (Costar)
- Under 1 mile to Waterford Lakes Town Center a one-million SF Power Center that includes: Lowe’s Home Improvement, BJ’s, Home Depot, Kohl’s and more
LOCKHEED MARTIN
- Site is located adjacent to the 293,532 sqft Orlando Lockheed Martin office
- The 262 acre campus and manufacturing plant employs over 10K people
- In 2023 Lockheed Martin’s revenue was approximately $67.57 Billion dollars