3823 S Osprey Ave - Medical FOR SALE


Sarasota, FL 34239- South Sarasota
$3,728,000 USD
704-697-1900
3823 S Osprey Ave, Sarasota, FL for Sale
$3,728,000 USD
Medical - FOR SALE
1/5
null | 5% Cap Rate

3823 S Osprey Ave
Sarasota, FL 34239
South Sarasota


HIGHLIGHTS

  • NEARBY SCHOOL SYSTEM PROVIDING HIGH CLIENT RETENTION
  • HIGH TRAFFICKED RETAIL CORRIDOR
  • RECENT RENOVATIONS

OVERVIEW

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 HIGH TRAFFICKED RETAIL CORRIDOR - Fronting South Osprey Ave (14,000 AADT) and parallel to South Tamiami Trail (51,000 AADT) - Over 1.7M SF of retail space within a 1-mile radius boasting a 2.7% vacancy rate (costar data) - Nearby National Tenants include: Publix (985K visits in 2024; top 76th percentile in 15 mile radius), Trader Joe’s, ALDI, LA Fitness, Macy’s, and more RECENT RENOVATIONS - The Building has recently been built to suit the tenant’s specifications - Tenant has paid to add specific capital improvements to enhance operational performance NEARBY SCHOOL SYSTEM PROVIDING HIGH CLIENT RETENTION - Across the street from Brookside Middle School (750 students), and just 0.8 miles from Southside Elementary School (700 students), this location benefits from a strong, family-oriented consumer base, providing consistent demand for dental care throughout their entire lives JUST INLAND FROM SIESTA KEY - Siesta Key was rated the best beach in the contiguous United States and 11th in the world - The average household income within a 1-mile radius of the site is more than $140K - The population within a 5-mile radius of the Heartland Dental is over 155K

FOR SALE DETAILS

PRICE

$3,728,000 USD

PRICE/SF

$980 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,439 SF

ZONING

CSCC

APN/PARCEL ID

2039-16-2001

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.