For Sale
$2,924,000

1200 Irlo Bronson Memorial HwySt. Cloud, FL 34771

St. Cloud, FL: High-yield dental office.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a freestanding, 3,833 square foot medical retail building in St. Cloud, Florida, currently leased to Heartland Dental, LLC. The property boasts a strong 5.85% cap rate and a substantial net operating income (NOI) of $171,054. The 10-year lease, signed by the corporate entity, includes 10% rent bumps every five years and four, five-year renewal options with identical increases, ensuring long-term, predictable cash flow. Situated on a 1.14-acre lot with 26 parking spaces, the building underwent renovations in 2023. The property benefits from a prime location on a hard-corner, signalized intersection with high daily traffic volume (45,000+ vehicles). The surrounding area features a dense, high-income population exceeding 201,894 residents within a 10-mile radius, further enhanced by nearby residential developments like Hanover Lakes, a 409-home community with convenient access to major theme parks. The tenant's robust financial performance (Heartland Dental's 2022 revenue totaled $1.2 billion) underscores the investment's stability. The property's tenant pays all common area maintenance, minimizing operational responsibilities. Nearby national retailers such as ALDI, Publix, McDonald's, and Starbucks further contribute to the area's strong retail environment. This is a rare opportunity to acquire a high-performing, corporate net lease property with significant long-term growth potential.

Highlights

  • Corporate net lease with 10% rent increases every five years.
  • Corporate guarantee from Heartland Dental, LLC.
  • High-traffic location: signalized hard corner intersection with 45,000+ vehicles daily in a dense, high-income area.
  • Tenant responsible for all CAM expenses.
  • Large 1.14-acre parcel.
  • Investment-grade tenant: Heartland Dental, the nation's largest dental support organization ($1.2B 2022 revenue).

Property Details for 1200 Irlo Bronson Memorial Hwy

Property type
Retail properties, Freestanding property
Square Feet
3,833 SF
Year Renovated
2023
Lot Size (sq. ft)
49,658 SF

Location Insight

City
St. Cloud
County
Osceola
State
Florida
Latitude
28.2452885
Longitude
-81.2556184
1200 Irlo Bronson Memorial Hwy, St. Cloud, Florida

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1200 Irlo Bronson Memorial Hwy
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