14633 County Road 565A - Medical FOR SALE


Groveland, FL 34736
$2,841,000 USD
415-852-5177
14633 County Road 565A, Groveland, FL for Sale
$2,841,000 USD
Medical - FOR SALE
1/6
null | 5.15% Cap Rate

14633 County Road 565A
Groveland, FL 34736


HIGHLIGHTS

  • Newly casted 10-year absolute NNN lease with a proven store, demonstrating long-term commitment to the site
  • 10% fixed rental increases every five years in initial term and extension terms
  • Heartland Dental, LLC is the largest dental support organization in the U.S., with more than 1,800 supported dental offices located in 38 states
  • Heartland Dental is majority owned by KKR, the largest global investment company in the world with over $504B under management
  • Heartland Dental continues impressive national growth with more than 87 new locations and 67 newly affiliated practices opened in 2022

OVERVIEW

This Heartland Dental is located near the signalized intersection of State Route 50 / Broad Street and County Road 565A (combined 44,300 AADT). Located directly across the street from the Eagle Ridge Shoppes, a Publix anchored shopping center with other major national tenants such as Dunkin’, Burger King, T-Mobile, and The UPS Store. Situated in a largely residential neighborhood and located near communities such as Westwood, Green Valley, and Eagle Pointe, the property is a convenient and attractive option for Groveland residents. The site is surrounded by schools, including South Lake High School (2,084 students), Gray Middle School (1,220 students), and Groveland Elementary School (744 students), providing a stable customer base for the site. This Heartland Dental is located in the Orlando-Kissimmee-Sanford Metropolitan statistical area, the third largest MSA in Florida with a total population of 2,673,376. Within a five-mile radius of the site, the population count is 51,816 (a nearly 54% increase since 2010), while the average annual household income within a three-mile radius is $99,133 (projected to increase by 16% over the next five years).

FOR SALE DETAILS

PRICE

$2,841,000 USD

PRICE/SF

$676 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

-

APN/PARCEL ID

20-22-25-1001-000-004A0

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-852-5177

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Michael YurasCushman & WakefieldMore Info
415-852-5177

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