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Heartland Dental 901 Workman Way 4,346 SF Office Building Davenport, FL 33837 $4,118,000 ($947.54/SF) 5.10% Cap Rate



Investment Highlights
- Rare 12-year absolute NNN lease to Heartland Dental, the largest dental support organization in the U.S. with more than 1,900 supported dental offices
- Heartland Dental is majority owned by KKR, the largest global investment company in the world with over $504B under management
- Heartland Dental added 165 new practices to its network in 2025
- 12-year primary lease term with 10% rental increases every five years and an additional 10% increase in Year 11
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
- Heartland’s supported network delivered $4.2 billion in total annual revenue, underscoring its scale and influence in the U.S. dental industry
Executive Summary
This dental practice is ideally positioned at a highly visible and accessible location near the signalized intersection of U.S. Route 27 and Holly Hill Fruit Road, which sees a combined traffic count of over 72,000 vehicles per day. The property is supported by a strong tenant, with Heartland’s network generating more than $4.2 billion in annual revenue, highlighting its scale within the U.S. dental industry. The surrounding area has experienced significant growth, with 80,724 residents within a five-mile radius, representing a 153% increase since 2010. The site is located directly across from AdventHealth Heart of Florida, a major local employer with approximately 1,000 employees, and benefits from frontage along U.S. Route 27, a primary north-south corridor capturing both local and commuter traffic, as well as visitors to nearby Disney World. Continued population and income growth within the immediate trade area further position the property and Davenport market for long-term stability and expansion.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Office
Property Subtype
Medical
Building Size
4,346 SF
Building Class
C
Year Built
2025
Price
$4,118,000
Price Per SF
$947.54
Cap Rate
5.10%
NOI
$210,018
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,346 SF
Building FAR
0.11
Lot Size
0.94 AC
Parking
38 Spaces (8.74 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 27-26-32-711010-000040 | Improvements Assessment | $0 |
| Land Assessment | $213,525 | Total Assessment | $213,525 |
Property Taxes
Parcel Number
27-26-32-711010-000040
Land Assessment
$213,525
Improvements Assessment
$0
Total Assessment
$213,525
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Heartland Dental | 901 Workman Way
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