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11130 Panama City Beach PkwyPanama City Beach, FL 32407
Heartland Dental | Panama City Beach, FL
Asset ClassRetail
Cap Rate5.9%
HIGH PERFORMING PUBLIX OUTPARCEL
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of a Heartland Dental in Panama City Beach, FL. The Premises is leased to Heartland Dental for a ten year initial term with 8 years remaining. The Asset is positioned on the busy Panama City Beach Pkwy (44,500 VPD) in a strong retail node, in a Publix-anchored center

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Investment Highlights

STRONG LEASE FUNDAMENTALS

  • NN Lease Provides Minimal Landlord Responsibilities
  • Corporate Guaranty by Heartland Dental
  • 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

POSITIONED IN PROMINENT RETAIL NODE

  • Over 969K SF of retail space within a 1-mile radius
  • Publix outparcel and nearby retailers include: Home Depot, Lowes Home Improvement, Walmart Supercenter, Office Depot, Exxon, Fedex, and much more

BREAKFAST POINT MARKETPLACE

  • Outparcel to Breakfast Point Marketplace which boasts over 1.8 Million visits a year according to Placer.ai
  • The Publix Anchor ranks in the top 85 percentile for all Publix locations in terms of visits (Placer.ai)
  • This Publix is also the top ranking in a 15 mile radius (6 Locations)

ACCESSIBLE LOCATION ON TRAFFICKED ROAD

  • Fronting Panama City Beach Pkwy (44,500 VPD) with direct access into the site and cross-access with the adjacent Publix anchored shopping center
  • Fronts I-98 which runs all down the panhandle of Florida

PANAMA CITY BEACH TOURISM

  • During the summer months, the population for PCB increases from 18,000 to over 100,000
  • Every year the city receives over 4.5 Million visitors
  • Tourism industry produces over $3.0B in economic impact annually
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11130 Panama City Beach PkwyPanama City Beach, FL 32407

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Listing provided by Revere CRE