Heartland Dental - Tampa (Weeki Wachee) FL 9247 Commercial Way 4,050 SF 100% Leased Retail Building Weeki Wachee, FL 34613 $3,969,000 ($980/SF) 5% Cap Rate

9247 Commercial Way presents an opportunity to acquire a development, single-tenant medical office investment occupied by Heartland Dental, one of the nation's largest dental support organizations. The property is subject to a new 12-year Absolute NNN lease with corporate signature, providing a passive ownership structure with no landlord responsibilities. Scheduled 10% rental increases every five years throughout the initial term and option periods offer built-in income growth while helping offset inflationary pressures.
The property is situated within Glen Lakes Commons, a new 19.5-acre retail development positioned along Commercial Way/U.S. Highway 19, a major corridor reporting approximately 40,000 vehicles per day. The site benefits from visibility near a signalized intersection and is surrounded by established residential communities including Glen Lakes, Woodland Waters, Waterford, Canopy, Winding Oaks, and The Heather. Additional large-scale residential and mixed-use development activity is underway in the immediate area, including projects planned for thousands of homes, multifamily units, retail space, and office space.
Regional accessibility further supports the asset's long-term positioning. The property is located within the Tampa MSA and approximately 60 miles from Tampa and 84 miles from Orlando. Nearby demand generators include HCA Florida Oak Hill Hospital, educational institutions, retail centers, and expanding residential neighborhoods that contribute to the area's growing consumer base and healthcare service demand.
Heartland Dental supports more than 3,000 doctors across over 1,900 locations nationwide and continues to expand its presence throughout the Southeast. The combination of new construction, a long-term corporate lease structure, contractual rent growth, and location within a growing Hernando County corridor creates a stable net lease investment opportunity.