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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
Investment Highlights
- New 12-Year Lease | Scheduled Rental Increases | Corporate Signed Lease | Well-Known & Established Brand
- Off Signalized, Hard Corner Intersection | Surrounding Residential | Part of GlenLakes Commons | Direct Consumer Base
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-mile Trade Area
Executive Summary
• The tenant recently signed a brand new 12-year lease with 3 (5-year) option periods to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation
• The lease is signed by the corporate entity
• Heartland Dental continues to expand its Southeast footprint, highlighted by its 2025 Smile Design Dentistry transaction, which added 60 supported practices across Florida and brought Heartland’s network to more than 3,100 doctors and 1,900 locations nationwide
• The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation
• The lease is signed by the corporate entity
• Heartland Dental continues to expand its Southeast footprint, highlighted by its 2025 Smile Design Dentistry transaction, which added 60 supported practices across Florida and brought Heartland’s network to more than 3,100 doctors and 1,900 locations nationwide
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,050 SF
Building Class
C
Year Built
2026
Construction Status
Under Construction
Price
$3,969,000
Price Per SF
$980
Cap Rate
5%
NOI
$198,450
Percent Leased
100%
Building Height
1 Story
Building FAR
0.12
Lot Size
0.80 AC
Zoning
PUD - Planned Unit Development
Parking
27 Spaces (6.67 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Monument Signage
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
1 of 13
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