February 3, 2022 – Charles Moody and Luke Thomson of Horvath & Tremblay have successfully completed the sale of Heartland Dental in Summerfield, Florida. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $3,117,333.
Heartland Dental is located at 17801 SE 109th Avenue in Summerfield, Florida. Heartland Dental has a new 10-year, double net lease with three (3), 5-year renewal options. The Lease features 10% increases every five years throughout the primary term and at the start of each of their renewal options. The building is situated on a 1.43-acre parcel and has been completely remodeled with an attractive architectural design. The property is located just outside the main entrance to The Villages, the largest single-site residential real estate development in the United States, spanning over 33,000 acres in three adjoining counties in Central Florida. The Villages ranks as America’s top-selling, master planned community for active adults who are 55 years old and over.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.