Cap Rate
7.00%
Price Per SF
$290
Gross SQFT
3,332
Year Built
1977
Term Remaining
±7.5 YRS
NOI
$67,599
Property Type
Healthcare
LEAD LISTING AGENT
Email
thor.stjohn@matthews.com
License No.
02051284 (CA)
Direct
+1 (310) 955-1774
Mobile
+1 (510) 684-0574
ADDITIONAL LISTING AGENT
DEBT FINANCING AGENT
INVESTMENT HIGHLIGHTS
- HEARTLAND DENTAL – LARGEST DENTAL OPERATOR: Heartland is the country’s largest network of dental practices with over 1,700 locations, 2,800 doctors, and 20,000 employees. They have consistently added new locations every year since the company was founded in 1995, and currently are growing at nearly 100 locations per year.
- $187 BILLION INDUSTRY: Dentistry is one of the largest industries in healthcare and grows by an average of 5.3% annually.
- LONG-TERM LOCATION COMMITMENT: Heartland signed a 10 year lease at the location when purchasing the business in 2022, demonstrating a commitment to this location and providing confidence in their success at this clinic.
- TAX ADVANTAGES IN FLORIDA: Enjoy significant financial benefits by investing in this property due to the location. Florida is one of the few states with no personal income tax. This favorable tax environment allows you to maximize your income and enhance the overall return on your property investment.
- STRONG HISTORICAL OCCUPANCY: The property has been operating as a dental practice for well over a decade, providing a buyer a high level of comfort with the success of the current property use.
- ADJACENT TO +2M SQUARE FEET OF RETAIL: The property sits a block away from the largest retail corridor in the greater Pensacola area. It features over 2M square feet of retail and is home to dozens of national tenants including Target, Publix, Lowe’s, Sam’s Club, among many others.
- SPECIALIZED USE & TENANT INVESTMENT IN LOCATION: It is costly for dental practices to relocate due to having one of the highest build-out costs across all medical specialties. Practices tend to stay put due to the difficulty in retaining the same patients after moving.
- HIGH TRAFFIC THROUGHFARE: North 9th Ave runs through the largest retail corridor in Ocala and sees over 26,000 cars per day directly outside the property.
- HIGH GROWTH FLORIDA MARKET: The greater Pensacola MSA grew from low 500,000 residents to over 530,000 in the years between 2020-2023, and it continues to see an ongoing population boom.
- CONTACT THE BROKER FOR GROUPED OR PORTFOLIO PRICING
Broker of Record
- Kyle Matthews
- License No. CQ1066435 (FL)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203