Heartland Dental 9749 Commercial Way 3,544 SF Office Building Weeki Wachee, FL 34613 $2,569,000 ($724.89/SF) 5.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-new 10-year absolute NNN lease featuring 10% rental increases every 5 years
- Adjacent to Publix-anchored shopping center
- Large 1.10 acre lot
- Lease signed by tenant’s corporate entity – Heartland Dental, LLC
- Zero landlord maintenance or expense obligations
- Heartland Dental’s 2024 revenue, reported to be in excess of $3B, makes it the largest dental support organization in the U.S.
EXECUTIVE SUMMARY
A corporate Heartland Dental on a brand-new 10-year absolute NNN lease featuring 10% rental increases every 5 years and four, 5-year extension options. The subject property is adjacent to the Shoppes at Glen Lakes – a 70,000+ SF Publix-anchored shopping center with major national tenants including Anytime Fitness, Walgreens, and Dunkin’.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,544 SF
Building Class
B
Year Built
2020
Price
$2,569,000
Price Per SF
$724.89
Cap Rate
5.15%
NOI
$132,280
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,544 SF
Building FAR
0.07
Lot Size
1.14 AC
PROPERTY TAXES
| Parcel Number | R13-222-17-3481-0000-0020 | Improvements Assessment | $513,438 |
| Land Assessment | $364,055 | Total Assessment | $877,493 |
