Investment Highlights

HEARTLAND DENTAL OUTPARCEL TO PUBLIX CENTER
» Leased to Heartland Dental for 10 years plus four (4) five-year options
» 10% fixed rental increases every five years in initial term and extension terms
» 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
» 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

CENTRAL LOCATION SURROUNDED BY MAJOR NORTH FORT MYERS COMMUNAL HUBS
» Outparcel to Publix-anchored shopping center, allowing the property to capture crossover shopping opportunities
» Infill location with beneficial proximity to U.S. Route 41 (52,000 AADT), allowing the site to capture significant commuter traffic
» High-visibility and easily accessible location at the signalized four-way intersection of Hancock Bridge Parkway and Orange Grove Boulevard (34,000 AADT)
» Property directly services high-density single-family communities, including Cape Coral (204,510 residents) and Lochmoor Waterway Estates (5,106 residents)
» Three miles from Lee Health – Cape Coral Hospital (291 beds, 1,200 employees), the largest employer in North Fort Myers

LOCATED IN QUICKLY GROWING AFFLUENT AND DENSELY POPULATED AREA
» The property resides in a densely populated area of North Fort Myers with 166,877 residents living within a five-mile radius of the site, a 24% increase since 2010
» Located in an affluent area with an average annual household income of $97,728 within one mile of the site
» Projected population and income increases within 3-, and 5-mile radii over the next five years poise Heartland Dental and North Fort Myers for steady concurrent growth
» Primed to capture significant suburban traffic from large housing developments directly west of the property and south from Cape Coral, the largest city between Tampa and Miami

Property Description

» This Heartland Dental has a high-visibility and easily accessible location at the signalized four-way intersection of Hancock Bridge Parkway and Orange Grove Boulevard (34,000 AADT)
» The property is an infill location with beneficial proximity to U.S. Route 41 (52,000 AADT), allowing the site to capture significant commuter traffic
» Ideally set in a large suburban corridor, the property directly services high-density single-family communities, including Cape Coral (204,510 residents) and Lochmoor Waterway Estates (5,106 residents)
» The site greatly benefits from its proximity three miles from Lee Health – Cape Coral Hospital (291 beds, 1,200 employees), the largest employer in North Fort Myers
» 166,877 residents live within a five-mile radius of the site, providing an extremely large and reliable customer base
» Projected population and income increases within 3- and 5-mile radii over the next five years poise Heartland Dental and North Fort Myers for steady concurrent growth