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833 State Highway 78
Lavon, TX 75166
Heartland Dental · Retail Property For Sale


Investment Highlights
- New 12-year corporate absolute NNN lease to Heartland Dental, the largest dental support organization in the U.S.
- 12-Year Lease Term — Long-term income stability with minimal re-leasing risk.
- Heartland Dental added 165 new practices to its network in 2025: 75 new de novo (built-from-scratch) practices
- 10% rental bumps every five years, plus an additional 10% increase in Year 11, providing predictable income escalation.
- Strong Credit Backing — Majority owned by KKR ($504B+ AUM), with Heartland's network generating $4.2B+ in annual revenue
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment
Executive Summary
This property offers an exceptional net lease investment anchored by Heartland Dental along State Route 78, a high-traffic corridor with 43,000+ vehicles per day. Situated at the entrance to Grand Heritage North — a master-planned community of 3,000+ homes — the location benefits from consistent, built-in foot traffic and strong residential demand. The surrounding area is experiencing explosive growth, with the five-mile population surging 99% since 2010 to over 51,000 residents and average household income of $153,054. New construction surrounds the property on all sides, including a proposed big-box retail center directly across the highway, new multifamily housing to the east, and a future business park and data center to the southeast. Residential development momentum remains strong, with approximately 70 new single-family homes delivered per month over the past six months. With projected population and income growth across all radii over the next five years, this Heartland Dental location is well-positioned for long-term, concurrent growth in one of the region's most dynamic markets.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
4,260 SF
Building Class
C
Year Built
2026
Price
$4,054,000
Price Per SF
$951.64
Cap Rate
5.15%
NOI
$208,740
Percent Leased
100%
Building Height
1 Story
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