For Sale
$3,303,000

4898 Davis BlvdNaples, FL 34104

Naples, FL: Net-leased dental center.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple, single-tenant, net-leased shopping center/storefront in Naples, Florida. The property, a 4,459 square foot building constructed in 2023, is 100% occupied by Heartland Dental, a creditworthy corporate tenant with a strong financial history. The lease, commencing July 1, 2023, and expiring September 30, 2033, offers a remaining term of 8.9 years with built-in rent bumps of 10% every five years and three five-year lease options. The property boasts a strong cap rate of 5.75% and a current NOI of $189,840, with a price per square foot of $740.75. Located on a 0.516-acre lot at 4898 Davis Blvd, Naples, FL 34104, this property benefits from its prime location in a high-growth, affluent market, situated on a highly trafficked retail corridor with over 4,500 homes within a one-mile radius and significant retail space within a two-mile radius. The building is situated in a Publix-anchored center experiencing 654,000 visits annually. The property is also conveniently located near schools and a country club, further enhancing its appeal. The state of Florida's 0% state income tax adds to the investment's attractiveness. This is a rare opportunity to acquire a high-quality, net-leased asset with a strong tenant and significant upside potential.

Highlights

  • $3,303,000 asking price for a 4,459 SF Class A retail property.
  • Net lease investment with a corporate guarantee from Heartland Dental, the largest dental support organization in the US.
  • 10.3-year lease (8.9 years remaining) commencing July 1, 2023, with 10% rent bumps every 5 years and 3 x 5-year lease options.
  • Located in a high-traffic retail corridor in Naples, FL, within a Publix-anchored center and near significant residential areas.
  • Recently renovated building in a tax-free state, situated in a high-growth, affluent market with strong demographics.

Property Details for 4898 Davis Blvd

Property type
Lifestyle centers, Power centers
Square Feet
4,459 SF
Class
A
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
22,477 SF

Location Insight

City
Naples
County
Collier
State
Florida
Latitude
26.137927445858
Longitude
-81.747671327979
4898 Davis Blvd, Naples, Florida

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4898 Davis Blvd
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