For Sale
$1,566,000 | 6.75% Cap
136A Staff Dr NE, Fort Walton Beach, FL 32548
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Broker of Record: Ronald Gentile | Orlando REO Professionals I, Inc. | FL License #: BK679907
Investment Highlights
Corporately Guaranteed
The Heartland Dental lease is backed by a corporately guarantee from Heartland Dental, LLC., the nation's largest dental support organization.
Rent Escalations
With 2.5 years of lease term remaining, Heartland Dental's first of three renewal options is accompanied by a 10% rent increase, followed by fair market value adjustments thereafter.
Non-Income Tax State
Serving as a major benefit to the landlord, nine states: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming — levy no state income tax.
Minimal Landlord Responsibilities
The lease is structured on a net basis whereby the tenant is financially responsible for all expenses other than the building's structural components & roof.
| Facility Type | Building Area (SF) | Years Remaining | Net Operating Income |
|---|---|---|---|
| Single Tenant | 5,033 Square Feet |
2.5 Years | $105,693 |
Investment Overview
Peranich Huffman Net Lease Group is pleased to exclusively present for sale the Heartland Dental in Fort Walton Beach, FL. Offered at a 6.75% capitalization rate, this property provides investors with a compelling opportunity to acquire a strong dental operation. Heartland Dental is a nationally recognized medical tenant known for its consistent performance—both in patient care and within the real estate investment community.
Lease Term
Heartland Dental has 2.5 years remaining on its original 5-year lease term which commenced in 2023. The corporately guaranteed Heartland dental lease provides for (3) 5-year renewal options. The first renewal option contains a 10% increase in base rent, while rents for the second & third option adjust to fair market value.
Net Lease Structure
The Heartland Dental lease is structured on a net basis whereby the tenant is financially responsible for all expenses other than the building's structural components and roof. Tenant obligations include: expenses related to the HVAC, parking lot, landscaping, property taxes, insurance, utilities & waste management.
About The Tenant
Founded in 1997, Heartland Dental is the nation's largest dental support organization providing non-clinical, administrative support services to 2,800 supported dentists across 38 states. Heartland Dental partners with its supported dentists to deliver high-quality care across the full spectrum of dental services.