Property Highlights
• New 10-year Heartland Dental lease with no landlord maintenance or repair obligations
• Rare opportunity to own generational real estate in top Palm Beach County growth market
• Signalized corner location fronting Southern Blvd. which carries 72,000 cars per day
• Southern Blvd. connects Arden (2,300 homes approved) and Westlake (4,500 homes approved) to West Palm Beach and I-95
• Corporate guarantee from Heartland Dental LLC, the country’s largest dental support organization with over 1,600 locations in 38 states
• Rare combination of density and affluence: 80,000 people and $113,000 AHHI within 3 miles
• Long-term NNN lease provides completely passive ownership and stable cash flow for out of state investor
• Fee simple ownership allows for depreciation of the building boosting after tax returns
• 10% rent increases every 5 years provides hedge against inflation
• E-commerce and recession resistant business model
• Adjacent to Costco anchored shopping center and across from Tuttle Royale, a new mixed-use project with 400,000 SF of retail, 80,000 SF of office, and 1,600 residential units
• Florida has no state income tax and saw a net migration
of 345,000 residents between April 2020 and April 2021