8644 Addison Place Dr - Medical FOR SALE


Naples, FL 34119
$3,112,000 USD
415-481-0788
8644 Addison Place Dr, Naples, FL for Sale
$3,112,000 USD
Medical - FOR SALE
1/6
null | 5.75% Cap Rate

8644 Addison Place Dr
Naples, FL 34119


HIGHLIGHTS

  • Leased to Heartland Dental for 10 years plus four (4) five-year options
  • 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 1,700 supported dental offices located in 38 states
  • Heartland Dental is majority owned by KKR, the largest global investment company in the world with over $496 billion under management
  • Heartland Dental continues impressive national growth with more than 87 new locations opened in 2022
  • 2021 construction built to Heartland Dental’s latest prototype

OVERVIEW

New 2021 construction, in a development that also includes Chick-fil-A and Aldi. Prominent visibility from Immokalee Road and exposure to 54,500 vehicles per day directly in front of the property. Located in an affluent area with an average annual household income of $149,257 within three miles of the site. Average annual household income is projected to grow by more than 17% within 1-, 3-, and 5-mile radii over the next five years

FOR SALE DETAILS

PRICE

$3,112,000 USD

PRICE/SF

$731 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

Commercial

APN/PARCEL ID

21842600142

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-481-0788

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Michael YurasCushman & WakefieldMore Info
415-481-0788

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