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1297 S Tamiami TrailOsprey, FL 34229
Heartland Dental | Osprey, FL
Asset ClassHealthcare Facility, Retail
Cap Rate5.9%
5.90% Cap | High Growth Sarasota Market

Investment Highlights

LOCATED IN A MAJOR RETAIL CORRIDOR

  • 280k SF of retail space located in a one mile radius
  • Nearby retailers include - Publix, Ace Hardware, and Walmart Supercenter
  • Positioned along busy US-41/Tamiami Trail with more than 40k vehicles per day

CORPORATE GUARANTEE FROM CREDIT WORTHY TENANT

  • Heartland Dental is the largest dental support organization in the United States
  • Over 1,800 Locations
  • 2023 Total Revenue over $3B

HIGH GROWTH SARASOTA MSA

  • The Sarasota MSA was the fastest growing region in the United States for the period of 2023-2024
  • From 2021 - 2022 population grew by 2.2% in Sarasota, FL, while the median household income increased by almost 5%

ATTRACTIVE LEASE FUNDAMENTALS

  • NN Lease Provides Minimal Landlord Responsibilities
  • Corporate Guaranty by Heartland Dental
  • 10% Rental Increases every 5 years, including option periods

AFFLUENT CONSUMER BASE IN IMMEDIATE AREA

  • Located directly in front of Pine View School ~2,000 students
  • More than 2,000 homes in a one mile radius and over 10,500 homes in a 3 mile radius
  • High average household income at $161,088

NEW CONSTRUCTION

  • The Building has recently been built to suit the tenant’s need
  • Transferable warranties in place
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1297 S Tamiami TrailOsprey, FL 34229

Sales Team

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Listing provided by Revere CRE