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
LOCATED IN DENSELY POPULATED RESIDENTIAL AREA
- Almost 100,000 households in a 5-mile radius
- Site is 1.5 Miles away from Imagination Farms Gated Community with over 420 homes - Average home value is $1.46 Million
- Located three miles from Riverstone Gated Community with over 300 homes
- Across the street from Crescent Ridge, a 56 house community with homes ranging from $1.3 Million to $1.6 Million
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
POSITIONED ON HIGH TRAFFICKED RETAIL CORRIDOR
- Fronting S Flamingo Rd ( 38.5K VPD) and off of Griffin Road (28.5K VPD)
- Over 245K SF of retail space within a 1-mile radius boasting a 0.6% vacancy rate (costar data)
- Nearby National Tenants include: Walmart Supercenter, CVS, Publix Super Market, and more
AFFLUENT SUBMARKET OF MIAMI MSA
- Over $194k AHHI in a one mile radius - more than double the national average of $80k
- Over 285K people live in a 5 mile radius - providing a strong customer base for the site
- The Miami MSA is the most populous MSA in the state with over 6.18 Million people