2127 W State Road 434 - Medical FOR SALE


Longwood, FL 32779
$3,246,000 USD
704-697-1900
2127 W State Road 434, Longwood, FL for Sale
$3,246,000 USD
Medical - FOR SALE
1/1
null | 5% Cap Rate

2127 W State Road 434
Longwood, FL 32779


HIGHLIGHTS

  • HIGH GROWTH ORLANDO MSA
  • CORPORATE GUARANTEE FROM CREDIT WORTHY TENANT
  • RARE LEASE STRUCTURE

OVERVIEW

RARE LEASE STRUCTURE - One of the first Abs. NNN Leased Heartland Dentals - Corporate Guaranty by Heartland Dental - 10% Rental Increases every 5 years, including option periods 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 RECENTLY RENOVATED BUILDING - The Building has been renovated and retrofitted to suit tenant’s needs - New roof was installed - Transferable warranties in place POSITIONED ON HIGH TRAFFICKED RETAIL CORRIDOR - Located on State Road 434 (30,000 VPD) and near I-4 (131,500 VPD) - Over 615K SF of retail space within a 1-mile radius - Nearby Retailers include: LA Fitness, Publix, Starbucks, Truist, Burger King, etc HIGH GROWTH ORLANDO MSA - Orlando, FL region is projected to add more than 1,500 people every week for the next 11 years - Orlando was the 2nd fastest growing metro from 2022 to 2023 - 2.1% forecasted employment growth for 2024 (1.4% National Avg.)

FOR SALE DETAILS

PRICE

$3,246,000 USD

PRICE/SF

$470 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Longwood Family Dentistry

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

PUD

APN/PARCEL ID

02-21-29-300-006D-0000

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.