4725 S Flamingo Rd - Medical FOR SALE


Cooper City, FL 33330
$4,092,000 USD
704-697-1900
4725 S Flamingo Rd, Cooper City, FL for Sale
$4,092,000 USD
Medical - FOR SALE
1/5
null | 5% Cap Rate

4725 S Flamingo Rd
Cooper City, FL 33330


HIGHLIGHTS

  • RARE LEASE STRUCTURE
  • LOCATED IN DENSELY POPULATED RESIDENTIAL AREA
  • AFFLUENT SUBMARKET OF MIAMI MSA

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 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

FOR SALE DETAILS

PRICE

$4,092,000 USD

PRICE/SF

$933 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, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,776 SF

ZONING

B-3

APN/PARCEL ID

50-40-26-11-0012

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.