Price $2,940,000 | Built/Renov 2023 | Tenant Heartland Dental |
Cap Rate 6.00% | Lease Type
NN+ | Guarantor Corp T and Rated |
Size/SF
4,200
| Lease Start
12-11-2023
| #Units
1,600
|
Price/SF $700.00 | Expiration
12-31-2033
| Tenant Type Medical/Health |
NOI $176,400 | R. Term 10.0 | Ownership Fee Simple |
Rent/SF
$42.00
| Increases 6.0%/5/yrs | Pop 5Mi 44,696 |
Lot/AC 0.76 | Options 3/5yrs/10% | AHHI 5Mi $108,087 |
| |
This newly constructed Heartland Dental is strategically located at the hard corner intersection of Croell Avenue and Hiawatha Pioneer Trail with access to 7,302 vehicles per day. The site is situated within a dense residential area providing a direct consumer base for the site to draw from. Additionally, the site is within close proximity to Park Place, a 450+ acre mixed use development with...
...New construction
Hard corner intersection
Strategically located
Highway location
Affluent AHHI $100K 5 Mi
Brand new lease
Long 10+ yr lease
Favorable NN+ lease
Traded and rated company
Investment grade tenant
Heartland Dental is an American dental support organization, providing non-clinical administrative support services to over 2,600 dentists in over 1,600 dental offices across 38 states and the...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 3,681 | 11,249 | 52,650 |
2023 Total Population : | 3,542 | 10,738 | 50,661 |
2023 Employed Civilian Pop : | 2,089 | 5,410 | 29,639 |
2023 Total Businesses : | 53 | 486 | 1,707 |
2023 Average Household Income : | $ 102,742 | $ 102,893 | $ 124,162 |
2023 Total Consumer Spending : | $ 125 M | $ 358 M | $ 2133 M |
2023 Median Age : | 34 | 34 | 33 |
2023 Total Households : | 1,397 | 3,973 | 19,798 |
2023 Pop Age 25+: Bachelor's Degree : | 698 | 2,020 | 11,209 |
2023 Average Home Value : | $ 318,000 | $ 327,314 | $ 346,184 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
East Marengo Road | Stephans St | 2022 | 11,200 | 0.11 mi |
Stephans St | E Marengo Rd | 2006 | 2,230 | 0.16 mi |
Stephans St | E Marengo Rd | 2006 | 530 | 0.19 mi |
Stephans St | 2022 | 28 | 0.24 mi | |
Maddie Ln | 2022 | 200 | 0.26 mi | |
Tulip Ct | 2022 | 90 | 0.27 mi | |
E Marengo Rd | Summer Hays St | 2009 | 5,600 | 0.28 mi |
West Marengo Road | Roberts Ferry Rd | 2022 | 11,200 | 0.32 mi |
Main St | W 3rd St | 2006 | 530 | 0.32 mi |
US 6 | Jasper Ave | 2020 | 8,619 | 0.34 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]