Investment Highlights

NEW 10-YEAR CORPORATE NET LEASE WITH SCHEDULED RENTAL INCREASES
» Leased to Heartland Dental for 10 years plus four (4) five-year options
» 10% fixed rental increases every five years
» Heartland Dental, LLC is the largest dental support organization in the U.S., with more than 1,700 supported dental offices located in 38 states
» 2023 construction built to Heartland Dental’s latest prototype
» Heartland Dental is majority owned by KKR, the largest global investment company in the world with over $496 billion under management
» Heartland Dental continues impressive national growth with more than 87 new locations opened in 2022

OUTPARCEL TO NEW CONSTRUCTION PUBLIX-ANCHORED CENTER WITH STRONG DEMOS
» 2023 construction outparcel to new Publix-anchored shopping center (Northpoint Village Shopping Center)
» Other tenants in the development include McDonald’s, Gate Gas Station, Zaxby’s, and Community First Credit Union
» High visibility site located just off the signalized hard intersection of Yellow Bluff Road and New Berlin Road with direct access to more than 20,000 vehicles per day
» 1.5 miles from I-295 (73,612 vehicles per day), the perimeter beltway for Jacksonville
» Located in an affluent area with a strong three-mile average household income of $104,514 and expected to grow by 20% by 2027
» Surrounded by rooftops, and the five-mile population expected to grow by 8%+ in the next five years

CENTRAL LOCATION NEAR JAXPORT, LARGE EMPLOYERS, AND SCHOOLS
» Located just north of JAXPORT, Florida’s #1 container port by volume and the 14th largest container port in the US, with an annual economic impact of over $31B
» 1.5 miles from a major industrial distribution complex, including a GE Distribution Center, Amazon, Bridgestone, Bacardi, and dozens of others
» Within a 10-minute drive from over 10 schools, providing further traffic drivers for the site
» One of only three dentist locations within a four-mile radius

Property Description

» 2023 construction outparcel to new Publix-anchored shopping center (Northpoint Village Shopping Center)
» Located just off the signalized hard intersection of Yellow Bluff Road and New Berlin Road with direct visibility to more than 20,000 vehicles per day
» Located just north of JAXPORT, Florida’s #1 container port by volume and the 14th-largest container port in the US, with an annual economic impact of over $31B
» 1.5 miles from a major industrial distribution complex, including a GE Distribution Center, Amazon, Bridgestone, Bacardi, and dozens of others