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Heartland Dental 14863 State Road 52 3,800 SF Retail Building Hudson, FL 34674 $3,620,000 ($952.63/SF) 5.15% Cap Rate
Investment Highlights
- Absolute NNN Lease: Tenant covers all property expenses, including taxes, insurance, maintenance, and structural repairs.
- Built-In Rent Growth: 10% rental increases every five years, ensuring steady NOI appreciation.
- 12-Year Primary Lease Term: 12-year primary lease term with 10% rental increases every five years and an additional 10% increase in Year 11
- Top-Tier Tenant Commitment: Leased to Heartland Dental, a leading provider with over 1,800 locations nationwide.
Executive Summary
Positioned along State Road 52, this asset offers direct frontage on a primary arterial with traffic counts approaching 29,000 vehicles per day, delivering consistent visibility and strong retail exposure. The site benefits from accessibility and established consumer flow, reinforcing long term tenant performance.
The investment is structured as an absolute NNN lease with Heartland Dental responsible for all operating expenses, including taxes, insurance, and maintenance. This provides a fully passive ownership structure with no landlord management obligations.
Located in the rapidly expanding Hudson submarket, the property serves an area projected to grow 12.3 percent within a five mile radius by 2029. Continued residential expansion supports sustained healthcare demand and long term tenant stability.
The lease includes 10 percent rental increases every five years, creating predictable NOI growth and built in inflation protection throughout the term.
Constructed in 2024, the 3,800 square foot building sits on a 0.87 acre parcel and features modern design and functionality tailored to a national dental operator. As new construction, the asset minimizes near term capital expenditure risk.
The property offers convenient access to the Suncoast Parkway, is approximately 26 miles from downtown Tampa, and sits just two miles from Bishop McLaughlin High School, positioning it within a well connected and expanding corridor.
The investment is structured as an absolute NNN lease with Heartland Dental responsible for all operating expenses, including taxes, insurance, and maintenance. This provides a fully passive ownership structure with no landlord management obligations.
Located in the rapidly expanding Hudson submarket, the property serves an area projected to grow 12.3 percent within a five mile radius by 2029. Continued residential expansion supports sustained healthcare demand and long term tenant stability.
The lease includes 10 percent rental increases every five years, creating predictable NOI growth and built in inflation protection throughout the term.
Constructed in 2024, the 3,800 square foot building sits on a 0.87 acre parcel and features modern design and functionality tailored to a national dental operator. As new construction, the asset minimizes near term capital expenditure risk.
The property offers convenient access to the Suncoast Parkway, is approximately 26 miles from downtown Tampa, and sits just two miles from Bishop McLaughlin High School, positioning it within a well connected and expanding corridor.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Health Club
Building Size
3,800 SF
Building Class
C
Year Built
2024
Price
$3,620,000
Price Per SF
$952.63
Cap Rate
5.15%
NOI
$186,419
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.87 AC
Zoning
MPUD
Parking
47 Spaces (12.37 Spaces per 1,000 SF Leased)
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-25-17-0000-00100-0013 | Improvements Assessment | $539,717 |
| Land Assessment | $860,148 | Total Assessment | $1,399,865 |
Property Taxes
Parcel Number
11-25-17-0000-00100-0013
Land Assessment
$860,148
Improvements Assessment
$539,717
Total Assessment
$1,399,865
Contacts
-
Michael Yuras -
Jack Hinson -
Vincent Aicale -
Ryan Forsyth -
Scott Crowle -
Cushman & Wakefield
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