1297 S Tamiami Trl - Medical FOR SALE


Osprey, FL 34229
$2,599,000 USD
704-697-1900
1297 S Tamiami Trl, Osprey, FL for Sale
$2,599,000 USD
Medical - FOR SALE
1/4
null | 5.9% Cap Rate

1297 S Tamiami Trl
Osprey, FL 34229


HIGHLIGHTS

  • Located on Major Retail Corridor
  • Corporate Guarantee from Strong Credit Tenant
  • Attractive Lease Fundamentals

OVERVIEW

LOCATED IN A MAJOR RETAIL CORRIDOR - 280k SF of retail space located in a one mile radius - Nearby retailers include - Publix, Ace Hardware, and Walmart Supercenter - Positioned along busy US-41/Tamiami Trail with more than 40k vehicles per day CORPORATE GUARANTEE FROM CREDIT WORTHY TENANT - Heartland Dental is the largest dental support organization in the United States - Over 1,800 Locations - 2023 Total Revenue over $3B HIGH GROWTH SARASOTA MSA - The Sarasota MSA was the fastest growing region in the United States for the period of 2023-2024 - From 2021 - 2022 population grew by 2.2% in Sarasota, FL, while the median household income increased by almost 5% ATTRACTIVE LEASE FUNDAMENTALS - NN Lease Provides Minimal Landlord Responsibilities - Corporate Guaranty by Heartland Dental - 10% Rental Increases every 5 years, including option periods AFFLUENT CONSUMER BASE IN IMMEDIATE AREA - Located directly in front of Pine View School ~2,000 students - More than 2,000 homes in a one mile radius and over 10,500 homes in a 3 mile radius - High average household income at $161,088 NEW CONSTRUCTION - The Building has recently been built to suit the tenant’s need - Transferable warranties in place

FOR SALE DETAILS

PRICE

$2,599,000 USD

PRICE/SF

$578 USD /SF

CAP RATE

5.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,649 SF

ZONING

CG

APN/PARCEL ID

0155-05-0110

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.