NEW OFFERING
BRAND NEW 10-YEAR NET LEASE
  • Premier Tenant: Founded in 1997, Heartland Dental is the largest dental support organization in the U.S with 1,300 dentists across 35 states. Supported practice annual revenues: $1.3B at the end of 2017. In March 2018, it was announced that private-equity firm KKR has agreed to acquire a majority stake in Heartland Dental, LLC.
     
  • Long-Term Net Lease with Rent Escalations: 10-year net lease will commence in October 2018 upon completion of construction. 10% rent increases every 5 years throughout the initial term and in each of the three 5-year renewal options.
     
  • Newly Constructed: Building is under construction as a build-to-suit for Heartland Dental and will be delivered in October 2018.
     
  • Excellent Access/Visibility: Ideally situated with excellent access and visibility along US Highway 90 (Traffic Count: 31,500 VPD), the area’s preeminent east-west thoroughfare.
     
  • Dominant Retail & Commercial Corridor: Adjacent to McDonald’s and just east of several shopping centers which are anchored by Walmart Supercenter, Target, Home Depot, Publix, PetSmart, TJ Maxx and Winn Dixie. Other major retailers in the area include Lowe’s Home Improvement, Office Depot, Dollar Tree, Chick-fil-A, Shane’s Rib Shack, Panera, Chili’s, Firehouse Subs, Domino’s, KFC, Zaxby’s, Ruby Tuesday, Marco’s Pizza, O’Reilly, Panda Express, Starbucks, Sports Clips, Verizon and Ruby Tuesday’s. 3.2 MSF of retail, 1.4 MSF of office space, and 3,032 multifamily units within a 3-mile radius.
     
  • Built-In Customer Base: Average household income of $63,960 and a population of 26,014 within a 3-mile radius of the site. Less than 3 miles from Pace High School, Pea Ridge Elementary School and the Spencer Naval Outlying Field military airport.
     
  • Pensacola Market: Pensacola, Florida, the westernmost city in the Florida Panhandle, is the seat of Escambia County and the principal city of the Pensacola-Ferry Pass-Brent MSA (Population: 487,784). The city’s solid, diverse economy features strongholds in the military and tourism industries and boasts one of the most prosperous manufacturing sectors in the northwest Florida region.
CONTACT US:
WILL PIKE
Executive Vice President
+1 404 923 1381
will.pike@cbre.com		CHRIS BOSWORTH
Executive Vice President
+1 404 923 1486
chris.bosworth@cbre.com		BRIAN PFOHL
First Vice President
+1 404 504 7893
brian.pfohl@cbre.com

CBRE, Inc.
3280 Peachtree Road NE
Suite 1400
Atlanta, GA 30305
+1 404 504 7900
www.cbre.com/nlpgatlanta
Net Lease Property GroupCBRE

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