Asking Price: $2,419,333
CAP Rate: 6.0%
- Prime retail destination: The property is located near a signalized intersection and prominently positioned within ChampionsGate® Village, a $65M mixed-use lifestyle center featuring high-end shopping and restaurants—with consistently strong sales—in 65K+ SF retail space, 37K SF office space, a Four Diamond resort, and luxury residences. ChampionsGate® Village’s two world-class golf courses—in tandem with an upscale, master-planned community—have established the center as a first-class Central Florida destination with a projected value of approximately $1B.
- Accessible, growing area in popular tourism-driven market: Part of the Orlando MSA (3rd largest in Florida with a population of nearly 2.4M as of March 2016). Within the heart of Central Florida with nearby direct access to I-4, connecting the area to Orlando and famous area attractions, including Walt Disney World® and Universal Studios® Florida, approximately 10-25 miles away. Orlando is one of the world’s most-visited tourist destinations (62M+ visitors in 2014 spending in excess of $33M) and one of the busiest American cities for conferences and conventions.
- Market-leading tenant: Heartland Dental is the largest dental support organization (DSO) in the U.S. and supports 775+ dental offices in 34+ states. In 2016, the company added multiple offices in ME and CO, expanding its geographic footprint significantly.
- Quality investment: New, 10-year lease with options and increases every 5 years with minimal landlord obligations. No state income tax in Florida provides a low tax burden for the investor.
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